to maintain interest rates unchanged; the ECB may extend the duration of QE – Finance – people

  to maintain interest rates unchanged; the ECB may extend the duration of QE — Finance — original title: to maintain interest rates unchanged ECB QE period may extend the European Central Bank announced at the meeting on interest rates on the 8 day after the end of three, the interest rate and quantitative easing (QE) scale, the implementation period was temporarily unchanged, in line with the majority of the market expected. But the European Central Bank President Delagi said at a news conference the same day, the rate of interest is expected within the next period of time will remain at the current level or lower, while QE may be more than the current implementation period. QE period or the extension of the European Central Bank announced on the 8, will be the main refinancing rate unchanged at 0%, the overnight lending rate remained unchanged at 0.25%, the overnight deposit rate remained unchanged at -0.40%. QE month scale remained unchanged at 80 billion euros, the execution time to March 2017 were unchanged, in line with the majority of market expectations. However, due to the lack of a direct extension of the time limit for the purchase of debt, the day after the euro against the U.S. dollar strengthened, European stocks fell. As the Beijing time 21:15 on the 8, the euro dollar exchange rate rose 0.5% to 1.13, the euro zone Storck 50 index fell 0.9%, Germany’s DAX index fell 1.12%, the French CAC40 index fell 0.87%, the FTSE MIB index fell 0.49% in Italy. But Delagi stressed at the press conference the same day, QE will continue until the inflation path and the target at the time. Will maintain QE at least until 2017 of March, if necessary, will be extended until after the year of March 2017. For the euro zone economy, Delagi said, so far, the evidence shows that the region’s economy in the face of uncertainty remain resilient, economic growth is mild and stable. But the economy is also facing downside risks, the European Central Bank will closely monitor the economy and the market, ready to take all the tools within the scope of authorization. Inflation is expected to remain low for the next few months, and inflation is expected to rise later this year and continue to rise in 2017 and in 2018. The economic downward pressure is still the European Central Bank also pointed out in the report, the euro zone’s downtown pressure on the economy still, current situation in June compared with little difference. Specifically, the euro area is expected to 1.7% GDP growth in 2016, had been in June is expected to be 1.6%; expected 2017 GDP growth of 1.6%, had been in June is expected to be 1.7%; expected 2018 GDP growth rate was 1.6%, and in June the same expected. The European Central Bank is expected in 2016, the euro zone inflation rate of 0.2% in June, the same as expected in is expected in 2017, the inflation rate was 1.2%, after the expected time in June was expected to be in the year of 2018, the expected inflation rate of 1.6%, the same as expected in June. Due to the weak economy and deflationary pressure has not eased, the ECB has repeatedly overweight easing, but the effect is not obvious. June 5, 2014, the European Central Bank for the first time in the history of negative interest rates, the overnight deposit rate fell from 0% to -0.1%. The overnight deposit rate for commercial banks in the European central bank deposits, in accordance with the European Central Bank)相关的主题文章: