– The Quantitative easing has the main purpose of restarting the GDP of Europe and stop the deflation. But aims to have positive effects on the real economy. By an improvement in corporate loans to a greater willingness in paying the mortgage. But even with the weak euro and exports. Also QE allow maneuvers and structural reforms such as cutting the unproductive expenses and reduce the budget deficit of the states.
Credit lighter – A lower cost of money is favorable for those who want to buy home or already has a loan outstanding (signed in recent years also) and he wants to renegotiate or intends take advantage of the opportunities of subrogation. Already last year, according to the latest ABI, in the wake of better interest rates, there has been a strong recovery of the loans. Istat, however, has indicated a rising real estate market in the third quarter of 2014.
Increased credit to businesses – The intervention on government bonds with Qe, along with maintenance interest rate lows added to previous measures of Frankfurt (see lter and Tltro) should provide the liquidity needed by the company to support the recovery of investment and consequently to ease in production and employment.
Euro lows, more export – The single currency downhill favors exports. And ‘likely that the euro touch new lows. Its further depreciation can only increase the competitiveness’ of the Eurozone.
Rising inflation – In the 19 months of the operation you point to an inflation of 2%, a level deemed positive for prices and consequently for consumption. The ECB this week revised for the better inflation forecasts for the eurozone, with a 0% this year, 1.5% next and 1.8% for 2017. The estimate for December showed 0.7 % for 2015 and 1.3% for 2016.
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