Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
ECB president Mario Draghi at a press conference earlier this year.
Photo: Arne Dedert/Picture Alliance via Getty Images
The European Central Bank left its key interest rate at -0.4%, but sent strong signals on Thursday that its record low interest rate could be heading lower as soon as September. It also hinted that it could restart the huge asset-buying program it ended in December to boost the eurozone economy.
Why it matters: The ECB is the latest central bank to hint that lower rates are imminent in an effort to stave off a global slowdown and ramp up below-target inflation. In the meantime, ECB president Mario Draghi looks as if he will end his term in October the way he started: with quantitative easing.