As it stated in Continue Reading Below ADVERTISEMENTAt Thursday’s meeting, the ECB kept its rate on bank overnight deposits, which is currently its primary interest rate tool, at -0.40 percent.
The European Central Bank left its policy stance unchanged as expected on Thursday, keeping unprecedented stimulus in place and maintaining its dovish guidance even though inflation and growth have rebounded more quickly than expected.
Forthcoming elections in some of the bloc’s biggest economies, including France, Germany and the Netherlands, are also clouding the outlook.
Continue Reading BelowFacing low inflation and weak growth, the ECB has kept interest rates in negative territory and bonds purchases at 80 billion euros a month, promising substantial accommodation and an extended market presence to aid the euro zone’s recovery.
Although recent data have surprised on the upside, the inflation surge is likely to be temporary.
according to http://www.sfgate.com/news/world/article/European-Central-Bank-keeps-its-monetary-stimulus-10988878.phpEuropean Central Bank keeps its monetary stimulus program steady to help economy, boost inflation
European Central Bank defends continued eurozone stimulus
according to European Central Bank head Mario Draghi has defended the need to continue stimulus measures for the eurozone.
Draghi accordingly announced small upgrades to eurozone growth forecasts, now seen at 1.8 percent this year and 1.7 percent next.
Far-right candidate Marine Le Pen is threatening to take France out of the eurozone and even out of the European Union.
But Draghi also signalled there was now less of a need to prop up growth and inflation.
Draghi, when asked about the political threat to the EU and the euro, said: “The euro is being perceived as being the prerequisite of the single market.
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