FRANKFURT, Germany | European Central Bank concerned by economic slowdown

21Feb - by Editor - 0 - In STL.News

FRANKFURT, Germany (AP) — Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be “deeper and more broad-based” than previously suspected.

The written account of the Jan. 24 meeting released Thursday indicated the bank’s 25-member rate-setting council felt they had to balance acknowledgement of worsening data with conveying confidence that the bank’s stimulus policies were working.

A key concern was rising trade protectionism amid a dispute between the U.S.

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