ECB "ready to act" if euro zone doesn't recover

Reuters Business
April 04, 2013 AT 12:00 PM
The European Central Bank expects a gradual economy later this year, but is ready to act if needed, said ECB President Mario Draghi as he kept interest rates on hold, as did the Bank of England. Draghi also said Cyprus' bailout was "no template" for the future. Joanna Partridge reports.