????
?
Current Location: Home ? News ? World economy ? Text

European Central Bank Intensifies Quantitative Easing

Zoom??Zoome in ??Views:511
Core Tip:Mario Draghi’s latest bid to revive the eurozone economy by extending unprecedented monetary easing yesterday failed to impress markets that had bet on even more.

QQ圖片20151209134339

Mario Draghi’s latest bid to revive the eurozone economy by extending unprecedented monetary easing yesterday failed to impress markets that had bet on even more.

The European Central Bank pledged to continue its 60bn-a-month bond buying programme for another six months until March 2017 “or beyond”. Policymakers also cut a key interest rate to a historic low of minus 0.3 per cent and agreed to buy more assets with the proceeds of its existing bond purchases.

But these measures — supported by a decision to buy municipal bonds in addition to standard government debt — disappointed investors who had hoped for deeper rate cuts and more monthly bond purchases.

The announcement prompted a sell-off in equity and bond markets and the euro climbed to a one-month high against the US dollar.

“The ECB delivered at the very low end of expectations,” said Andrew Balls, chief officer for fixed income at Pimco. “There wasn’t much to get excited about... were expecting an increase in the monthly purchase size.”

Some analysts were less critical. “The decisions reflect the desire to keep some powder dry in case more stimulus is needed down the road,” said Marco Valli, economist at UniCredit. “Keeping the big bazooka for another day may not be a bad strategy. It just needed better communication. ”

?

If you believe that this information is a violation of your legitimate rights and interests, please send the relevant qualification certificate and your rights to info@worldinout.com, Worldinout staff will reply as soon as possible! The purpose of this network is to convey more information, does not mean that the network is in favor of its views and its authenticity. Such as reproduced this site information, please specify the source.

?
[ NewsSearch ]? [ Add to Favorites ]? [ Tell a friend ]? [ Print ]? [ Send report ]? [ Close the window ]

?

?
Recommended Graphic
Recommend News
Click Ranking
?
HomeSite | About us | Contact Us | Agreement | Copyright | Sitemap | Spread | Guestbook | RSS Feed | 豫B2-20030028-27
?
芷江| 六枝特区| 永和县| 犍为县| 卓尼县| 马鞍山市| 松原市| 托克逊县| 虹口区| 鄯善县| 文昌市| 和平区| 安丘市| 田东县| 宁强县| 唐山市| 会同县| 安吉县| 清苑县| 来宾市| 星座| 高唐县| 改则县| 三门县| 璧山县| 通河县| 绍兴市| 东阿县| 新民市| 含山县| 神农架林区| 满洲里市| 荃湾区| 甘泉县| 繁昌县| 根河市| 德清县| 抚顺市| 永平县| 阿图什市| 德钦县|