Thursday 26 April 2018

The ECB kept interest rates unchanged

The ECB kept the interest rate unchanged by continuing to maintain its position on a smooth exit from the monetary stimulus.
The bank has confirmed that it will continue to buyback 30 billion euros a month at least until the end of September.
The ECB continues to believe that the best moment to start raising interest rates will be after the potential end of the asset repurchase program.
The ECB's decision became a fact, a day after Draghi confessed to the IMF that there is some slowdown in the growth of the eurozone, but overall growth will continue in the future.
Now, the question everyone is asking is if Draghi's acknowledgment will lead to a change in the ECB's policy towards a smooth exit from the stimulus program.
Inflation in the euro area continues to be weak, expected to rise 1.3% in March, against previous expectations of 1.4%.


No comments:

Post a Comment