Economic news

ECB deems possible stimulus increase

On Thursday the European Central Bank demonstrated his ultra-easy policy intent, it even regards more bond purchases as probable, crushing expectations for cuts on stimulus in the coming year.

The rates were left at their minimum by the ECB, asset purchases were said to go on at the level of €60 bln or $71.76 bln each month up until December or longer, and the asset buying was declared to possibly grow if it’s required, which is the continuation of its old overly easy policy.

This rhetoric could ruffle a number of investors who were waiting for the ECB to begin making steps towards lowering stimulus in view of solid growth, no risks of deflation and quickly diminishing unemployment, all of which speak in favour of doing away with at least a part of the bank’s measures. Investors are now looking forward to today’s Mario Draghi’s news conference, where he might elaborate on the evolution of the bank’s stance in relation to stimulus and speak on new economic prospects in more detail.

Governing Council is prepared to build up the program in size and length in case outlook turns more adverse, the ECB stated.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree