European Central Bank (ECB) September 2017 meeting

Markets

European Central Bank (ECB) September 2017 meeting

Summary

European Central Bank (ECB) leaves rates and bond-buying programme unchanged.

Mario Draghi said Eurozone interest rates will remain at current levels for an extended period of time and well past the horizon of net asset purchases. It appears that now is not the time to stop monetary easing according to Mario Draghi.

ECB inflation target is 2%

The 60 billion euro asset buying programme is intended to run until December 2017 or beyond if necessary.

The euro moved up on his comments.

ECB lifts growth forecast to 2.2% (from 1.9%).

The next ECB update on stimulus will be in the autumn.

See ECB data here.

 

 

 

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