Friday December 6, 2019

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...

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