Draghi defends ECB decision to hold rates and expand asset purchases

The president says current policy is necessary for continued Euro area recovery

21st April, 2016
ECB President Mario Draghi at today's meeting in Frankfurt Pic: Getty

The European Central Bank has left its interest rates at record lows today and kept the size of its bond-buying program unchanged , s President Mario Draghi waits to see how fresh stimulus measures announced last month affected the economy.

The ECB has been criticised that quantitative easing and excessive liquidity as a result of negative interest rates aren't translating positively onto the real economy, however Draghi continues to defend their actions: "Our policy is the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Willie O’Reilly: A long overdue reckoning for the giants of social media

Media Willie O'Reilly 23 hours ago

Analysis: Fine Gael and Sinn Féin trade blows as if it’s an election year

Comment: We should double Services Sites Fund to drive down cost of affordable housing in Dublin

Susan O’Keeffe: Vaccination programme needs to be treated as a national emergency