Sunday July 5, 2020

ECB takes QE gamble as risks grow

Mario Draghi described the ECB’s view about the outlook for the euro zone economy as representing 'continued confidence with increasing caution'

14th December, 2018
Will ECB interest rate move work? Pic: Getty

Mario Draghi said risks to the euro area economy are worsening even as he called time on the European Central Bank’s flagship deflation-fighting tool.

The ECB will reinvest for an extended period of time past the date when interest rate increases start. It will also give itself more leeway to make purchases - a year rather than three months - to “allow for a regular and balanced market presence”. Policy makers expect to...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 2 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago