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Global Markets: Euro tumbles as ECB vows to keep rate down

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - The euro suffered its biggest fall in eight months and share and bond markets rallied on Thursday, after the European Central Bank vowed not to raise euro zone interest rates before the middle of next year. The bank said it was pulling the plug on its 2.55 trillion euro stimulus programme, but after the Federal Reserve raised U.S. interest rates for the second time this year on Wednesday, the ECB rate promise came as a relief.The pan-European STOXX 600 index raced back into positive territory after a morning in the red, and Wall Street opened higher, though ...

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First Published: Thu, June 14 2018. 21:33 IST