THE European Central Bank (ECB) has shocked markets by today taking no action to prop up the eurozone, despite warning signs the economy is struggling to cope with Britain’s vote to leave the European Union (EU).
Stock markets in Europe were in the red after the ECB unexpectedly left policy unchanged amid the worrying outlook for the eurozone.
A flurry of dire data in the weeks after the Brexit vote has pointed towards a sharp slowdown for the bloc, prompting expectations the central bank would take decisive action.
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