samedi 28 février 2015
Draghi to Roll Out Red Carpet for His Easing Star
Posted on 10:07 by nice news
Economists, analysts and market watchers will wait for European Central Bank (ECB) President Mario Draghi and the Governing Council members on Thursday as they unveil their new inflation and growth projections and launch their signature quantitative easing program approved during the January 22 policy meeting, following their peers in the US, UK, Japan and elsewhere.
The ECB approved a massive €1.1 trillion sovereign bonds purchases project, spread out to the end of 2016. The program is scheduled to start in March, with the buying of €60 billion worth of mostly government bonds a month, to ease deflation trends spreading in the single currency area.The ECB is expected to expand its balance sheet by about €1.1 trillion by the end of 2016, matching its level of early 2012.
Euro zone inflation turned negative in December for the first time since 2009, helped by a sharp fall in global oil prices. Consumer prices registered a further decline in January. The ECB chief has warned that inflation in the euro zone could stay very low, or negative, for months.
The Draghi policy is supposed to tame deflationary trends, jumpstart the crawling economy in the euro zone and trickle down to the "real economy", boosting demand.
The ECB approved a massive €1.1 trillion sovereign bonds purchases project, spread out to the end of 2016. The program is scheduled to start in March, with the buying of €60 billion worth of mostly government bonds a month, to ease deflation trends spreading in the single currency area.The ECB is expected to expand its balance sheet by about €1.1 trillion by the end of 2016, matching its level of early 2012.
Euro zone inflation turned negative in December for the first time since 2009, helped by a sharp fall in global oil prices. Consumer prices registered a further decline in January. The ECB chief has warned that inflation in the euro zone could stay very low, or negative, for months.
The Draghi policy is supposed to tame deflationary trends, jumpstart the crawling economy in the euro zone and trickle down to the "real economy", boosting demand.
Draghi to Roll Out Red Carpet for His Easing Star
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