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The European Central Bank's chief economist reiterated the bank's "readiness and decisiveness" to modify its trillion-euro bond-buying program should economic turbulence merit decisive action, according to an interview in a Swiss newspaper.
Interviewed by the Neue Zuercher Zeitung, Peter Praet defended the bank's stimulus programmers, including quantitative easing, saying they had helped avoid a damaging financial panic.
As turbulence in emerging markets intensifies, he said the ECB remains ready to modify or expand the program, now seen as buying more than one trillion euros ($1.13 trillion) in bonds to counter a potentially deflationary spiral.
Source: http://www.reuters.com/article/2015/09/19/us-ecb-economist-idUSKCN0RJ0CW20150919
Interviewed by the Neue Zuercher Zeitung, Peter Praet defended the bank's stimulus programmers, including quantitative easing, saying they had helped avoid a damaging financial panic.
As turbulence in emerging markets intensifies, he said the ECB remains ready to modify or expand the program, now seen as buying more than one trillion euros ($1.13 trillion) in bonds to counter a potentially deflationary spiral.
Source: http://www.reuters.com/article/2015/09/19/us-ecb-economist-idUSKCN0RJ0CW20150919
