The ECB has announced an extension of the buying program, but will reduce the pace of monthly purchases. The announcement caused high volatility in the market.
Draghi argued that a "moderate but steady" recovery of the Eurozone economy is underway and a recovery in inflation on the way to the 2% target in the medium term. Still, the weaknesses are evident.
The central bank also announced that it maintained the central interest rate at 0%, the deposit rate at -0.4% and the marginal lending rate at 0.25%, reaffirming that "the Governing Council continues to Expect key interest rates to remain at current levels or below for a long period of time and well beyond the horizon of asset purchases. "
You can check the full statement her
Draghi argued that a "moderate but steady" recovery of the Eurozone economy is underway and a recovery in inflation on the way to the 2% target in the medium term. Still, the weaknesses are evident.
The central bank also announced that it maintained the central interest rate at 0%, the deposit rate at -0.4% and the marginal lending rate at 0.25%, reaffirming that "the Governing Council continues to Expect key interest rates to remain at current levels or below for a long period of time and well beyond the horizon of asset purchases. "
You can check the full statement her
