"Fox Business" declare : European Central Bank Leaves Interest Rates Unchanged

collected by :John Max

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.


as mentioned in The European Central Bank thinks the balance of risks facing the 19-country eurozone has shifted away from its own home-grown and drawn-out economic difficulties to the international arena. Draghi was speaking after the bank kept its bond purchases from banks unchanged at 80 billion euros ($85 billion) this month and 60 billion euros per month through the end of the year. Draghi was speaking after the bank opted against any change to its stimulus programs even though economic growth across eurozone appears to be picking up steam and inflation has risen to the bank's targets. In light of the near-doubling in headline inflation in the past few months, the ECB, which is the chief monetary authority for the 19 countries that use the euro currency, sharply raised its inflation projection for this year, to 1.7 percent from 1.3 percent previously.


as mentioned in

Eurozone inflation hits 2% mark as European Central Bank debates policy

The ECB's latest projections foresee an average inflation rate of 1.3% this year, before accelerating to 1.5 percent in 2018. Eurozone inflation accelerated to the fastest pace since January 2013, providing fresh arguments to those calling for an exit from the European Central Bank's monetary stimulus programme. Rising oil prices have been pushing up inflation across the eurozone, including in Germany, its largest economy, Spain and Italy. "The focus remains on core inflation, which isn't looking great," said Frederik Ducrozet, senior economist at Banque Pictet and Cie in Geneva. Meanwhile, the eurozone's core inflation, which strips out volatile elements such as energy, was unchanged for the third consecutive month in February at 0.9%.




to read more visit us Jeep