Mario Draghi, president of the European Central Bank (ECB), pauses during a news conference at the bank’s headquarters in Frankfurt, Germany. Photograph: Ralph Orlowski/Bloomberg

European Central Bank president Mario Draghi said today the bank will take action if the outlook for inflation worsens or money-market turbulence resu(...)

Graffiti depicting European Central Bank (ECB) president Mario Draghi and German chancellor Angela Merkel is seen on a fence surrounding the construction site for the new ECB headquarters in Frankfurt. The ECB held interest rates at 0.5 per cent today. Photograph:  Ralph Orlowski/Reuters.

The European Central Bank will keep interest rates at record lows for an extended period and could yet cut them further, the bank’s chief, Mario Dragh(...)