The European Central Bank is ready to cut interest rates and embark on a fresh round of bond purchases this autumn, a move that that ECB hopes will fend off fears of economic uncertainty and a global economic slowdown.

The bank's president, Mario Draghi, made clear that all measures available to the ECB will be used as the export-driven European economy is experiencing a severe slowdown due to the German economy - the fourth-largest in the world - posting dismal figures in recent months, a br...

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