Monday June 1, 2020

ECB downplays need for renewed QE stimulus

'New constellation of interest rates has restricted the eligibility universe' says Draghi

8th September, 2016
ECB president Mario Draghi says the new constellation of interest rates has restricted the eligibility universe. Pic: Getty

“The assessment was that for the time being the changes are not substantial as to warrant a decision to act,” the ECB president said at a press conference in Frankfurt.

“The main theme was to make sure that the programme and decisions we took in March can be implemented in the new constellation of interest rates, which clearly have restricted the eligibility universe.”

The central bank has missed its target of...

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