{"id":88029,"date":"2019-04-10T15:28:22","date_gmt":"2019-04-10T13:28:22","guid":{"rendered":"https:\/\/theworldwidejournal.com\/2019\/04\/10\/uk-economy-stronger-than-expected-in-february-ecb-holds-interest-rates-business-live\/"},"modified":"2019-04-10T15:28:22","modified_gmt":"2019-04-10T13:28:22","slug":"uk-economy-stronger-than-expected-in-february-ecb-holds-interest-rates-business-live","status":"publish","type":"post","link":"https:\/\/theworldwidejournal.com\/?p=88029","title":{"rendered":"UK economy &#039;stronger than expected&#039; in February; ECB holds interest rates &#8211; business live"},"content":{"rendered":"<p>Britain\u2019s economy expanded by 0.2% in February, better than expected, thanks to a burst in manufacturing outputLatest: Mario Draghi explains why ECB left borrowing costs unchangedBreaking: UK economy grew by 0.2% in FebruaryEconomy expanded by 0.3% in last quarterManufacturing output surgedWhat the experts say 2.28pm BST Draghi is then asked about Italy\u2019s weak economy, after Rome slashed its 2019 growth forecast from 1% to just 0.2%.He says the move isn\u2019t a surprise, and shows the need to boost growth in Italy&#8230;&#8230; without pushing up borrowing costs (that\u2019s a criticism of its populist government, which spooked investors last year with its budget plans).Draghi on Italy: &#8220;The data on the Italian economy didn\u2019t come as a surprise. There have been already downgrades in the forecasts. So from this viewpoint it is not a surprise&#8221; (1\/3) #Draghi #ECBDraghi: &#8220;It is quite clear the priority is to restore growth and employment. Italy knows how to do it.&#8221; (2\/3) #Draghi #ECBDraghi: &#8220;It is very important that these priorities are pursued without causing an increase in interest rates, because increases in interest rates are contractionary. That should be the aim of economic policy there.&#8221; (3\/3) #Draghi #ECB 2.20pm BST Q: Might you intervene and promote the merits of European Union in the run-up to European parliamentary elections?Draghi say that central banks don\u2019t usually get involved in elections (with good reason!), and it wouldn\u2019t be right to intervene.Draghi: Central banks don\u2019t usually intervene in the political debate. On occasion the ECB can defend the European framework and point out ways to complete it and remedy weaknesses. Continue reading&#8230;<br \/>\nVia: <a href=\"https:\/\/www.theguardian.com\/business\/live\/2019\/apr\/10\/uk-gdp-report-growth-february-brexit-ecb-draghi-eurozone-business-live\" target=\"_blank\">UK economy &#039;stronger than expected&#039; in February; ECB holds interest rates &#8211; business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Britain\u2019s economy expanded by 0.2% in February, better than expected, thanks to a burst in manufacturing outputLatest: Mario Draghi explains why ECB left borrowing costs unchangedBreaking: UK economy grew by 0.2% in FebruaryEconomy expanded by 0.3% in last quarterManufacturing output surgedWhat the experts say 2.28pm BST Draghi is then asked [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-88029","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/88029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88029"}],"version-history":[{"count":0,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/88029\/revisions"}],"wp:attachment":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}