ECB to retain easy policy for as long as needed – Praet
December 21, 2015 8:38 am
European Central Bank Executive Board member Peter Praet said the central bank will maintain monetary policy easy for as long as necessary in the wake of risks, including sluggish growth in emerging economies.
ECB’s chief economist added further risks have emerged from the slowdown in the emerging nations, but the central bank cannot act on its own and governments need to do their part as well.
The central bank slashed its deposit rate earlier this month and prolonged its asset purchase program, seeking to bring inflation in the eurozone back to its 2% target. The material has been provided by InstaForex Company – www.instaforex.com
European Central Bank Executive Board member Peter Praet said the central bank will maintain monetary policy easy for as long as necessary in the wake of risks, including sluggish growth in emerging economies.
ECB’s chief economist added further risks have emerged from the slowdown in the emerging nations, but the central bank cannot act on its own and governments need to do their part as well.
The central bank slashed its deposit rate earlier this month and prolonged its asset purchase program, seeking to bring inflation in the eurozone back to its 2% target.
The material has been provided by InstaForex Company – www.instaforex.com
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