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The European Central Bank (ECB) is slow to abandon its ultra-loose monetary policy. Monetary authorities confirmed Thursday, at the end of the meeting of interest rates in Frankfurt, first put an end to the purchase of controversial bonds in Germany until the end of the year. end of the year, unless economic recovery stops.
In October, the monthly purchase volume had already been cut in half, to 15 billion euros. But even after the actual end of trading, the ECB wants to reinvest the income from maturing bonds into bonds for a longer period.
Live broadcast of the press conference with ECB chief Mario Draghi
Since March 2015, badet purchases constitute the most powerful weapon of the ECB to cope with higher inflation. At the same time, the euro area economy is growing strongly, although some data have recently indicated a slowdown in the pace. Countries that look at the Euro are aiming for an inflation rate of just under two per cent as the ideal value for the economy. In recent months, they have generally moved closer to this goal.
The central bank also confirmed the interest rate outlook. As a result, she wants to leave key phrases at least "beyond the summer of 2019" at the current level. The key rate is at a record 0.0% since March 2016.
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Source: Robert Metsch / ECB
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