Share
12 December 201915.09 The ECB's interest rates will remain at current or lower levels, "until the inflation prospects converge robustly" towards 2%, and QE will continue as long as necessary. Thus the new president of the ECB, Lagarde, at the end of the Governing Council which left the rates unchanged (the main one remains at zero). The ECB has reduced its estimates for the Eurozone GDP for 2020 to + 1.1%. Growth dynamics continue to be weak, although there are signs of "stabilization", says Lagarde.Lagarde: low rates and Qe as long as necessary
2019-12-12T14:22:13.165Z
15.09 ECB interest rates will remain at current, or lower, levels "until inflation prospects converge robustly" towards 2%, and QE will continue as long as necessary. Thus the new president of the ECB, Lagarde, at the end of the Governing Council which left the rates unchanged (the main one remains at zero). The ECB has reduced its estimates for the Eurozone GDP for 2020 to + 1.1%. Growth dynamics continue to be weak, although there are signs of "stabilization", says Lagarde.
Source: rainews