Open trading account
The ECB has announced an extension of the buying program, but will reduce the pace of monthly purchases. The announcement caused high volatility in the market.
Draghi argued that a "moderate but steady" recovery of the Eurozone economy is underway and a recovery in inflation on the way to the 2% target in the medium term. Still, the weaknesses are evident.
The central bank also announced that it maintained the central interest rate at 0%, the deposit rate at -0.4% and the marginal lending rate at 0.25%, reaffirming that "the Governing Council continues to Expect key interest rates to remain at current levels or below for a long period of time and well beyond the horizon of asset purchases. "
You can check the full statement her
Draghi argued that a "moderate but steady" recovery of the Eurozone economy is underway and a recovery in inflation on the way to the 2% target in the medium term. Still, the weaknesses are evident.
The central bank also announced that it maintained the central interest rate at 0%, the deposit rate at -0.4% and the marginal lending rate at 0.25%, reaffirming that "the Governing Council continues to Expect key interest rates to remain at current levels or below for a long period of time and well beyond the horizon of asset purchases. "
You can check the full statement her
