ECB holds on stimulus plans

The European Central Bank (ECB) held on accelerated stimulus plans this week, effectively slowing emerging market stocks and currencies gains to a halt.


The ECB President Mario Draghi said the fresh stimulus will come this year once policy makers have a more clear outlook of the economic impact from the recent vote from the United Kingdom (UK) to leave the European Union (EU), the so-called "Brexit" vote.

The MSCI Emerging Markets Index held at a 4.4 per cent rally earlier this month, while the Borsa Istanbul 100 Index hi t its worst week since 2008 following the country credit downgrade from S&P Global Ratings and the recently imposed state of emergency.

Read more at Bloomberg.