Have Draghi's QE Measures Done Enough to Impress?

The video discusses the extension of the asset purchase program, aiming to achieve inflation rates below but close to 2% over the medium term. The Governing Council monitors price stability and is prepared to adjust the program as needed. Despite progress, more actions are deemed necessary to ensure success.

What is the primary goal of the asset purchase program as mentioned in the first section?

• To reduce inflation rates to zero

• To achieve inflation rates below but close to 2%

• To maintain inflation rates at exactly 2%

• To achieve inflation rates above 3%

What does the Governing Council emphasize about the asset purchase program in terms of its flexibility?

• It is fixed and cannot be adjusted

• It can only adjust its size

• It can only adjust its duration

• It can adjust its size, composition, and duration

What is the Governing Council's stance on using available instruments to maintain monetary accommodation?

• They have no instruments available

• They will only use instruments if inflation exceeds 3%

• They are willing and able to use all available instruments

• They are hesitant to use any instruments

Why does the Governing Council decide to do more in terms of the asset purchase program?

• Because the program has failed

• Because the program is working

• Because they want to try a new approach

• Because they have no other options

What is the Governing Council's perspective on the success of their actions?

• They believe it has been a failure

• They want to consolidate the success achieved

• They are unsure about the success

• They think it has been partially successful