MILAN - interest Rates and a program to purchase securities unchanged by the european central Bank in the first meeting of the year, as expected: Frankfurt has left unchanged the interest rates. The rate of principal remains at the historically low level of 0,00%, bank deposits at -0,40% and the marginal lending facility at 0.25%. In the note, post-meeting, the Ecb also confirmed the decisions on the Qe taken last December 8, but it also says “ready to increase purchases,” according to the trend of inflation. “If the outlok were to become less favorable, or if financial conditions fail to be more consistent with the objective of the inflation target, the board of the Ecb is ready to increase the program of purchases, in terms of extent and duration”. Last December 8, the board has adjusted the Eq, adding that the purchases will continue until the deadline of march at the rate of 80 billion a month, and from April until December of 2017, will be climbed to 60 billion euros per month. Right on the pace of purchases come back to lift the pressure of the hawks, in particular from Germany: annual inflation in December was shown yesterday in the strengthening of 1.7% and it is feared that the prices can get out from control. Why Dragons you ask to begin to indicate a plan to tighten the purchases.
- Topics:
- ecb
- quantitative easing
- Starring:
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