Safe haven currency EUR/USD keep struggling as Eurozone debt crisis being recovery, anyway Good luck folks for today, as reported by AFP in Washington, European Central Bank President Mario Draghi said Thursday that the bank's massive stimulus for the eurozone will remain in force "as long as needed" to stabilize prices.
European Central Bank Mario Draghi, in a speech at an International Monetary Fund forum, outlined the steps the ECB has taken to achieve its mandate of medium-term price stability as the eurozone slipped into weak growth and deflationary risks rose.
Economic latest data is good enough, With the economy and inflation recently picking up, there has been speculation that the ECB would wind up early its unprecedented 1.1 trillion euro ($1.3 trillion) asset-purchase program.
Mario Draghi as The ECB has said the quantitative easing, launched in March at a pace of 60 billion euros a month, would last at least through September 2016, and Draghi reaffirmed that commitment.
"After almost seven years of a debilitating sequence of crises, firms and households are very hesitant to take on economic risk," Draghi said.
"For this reason quite some time is needed before we can declare success, and our monetary policy stimulus will stay in place as long as needed for its objective to be fully achieved on a truly sustained basis," he said.
Sources: AFP
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