Draghi: ECB Did Not Discuss QE Extension Beyond March

The transcript discusses the review of a program by committees, focusing on preliminary reports and measures under consideration. It explores the stimulus provided by the QE program, examining whether the stock or flow of purchases is more impactful. The discussion includes technical work to ensure smooth program execution and options in case of bond shortages. The Governing Council emphasizes supportive financing conditions for recovery and inflation control, reaffirming its role as the ultimate decision-maker.

What is the main focus of the committees mentioned in the first section?

• Reviewing the program and preliminary reports

• Designing new financial products

• Implementing new tax policies

• Analyzing global market trends

In the context of the QE program, what does the market's shift in focus refer to?

• A transition from stock purchases to bond purchases

• A focus on international investments

• A change from monthly purchases to annual reviews

• A shift from the size of the program to the monthly flow of purchases

What was not discussed in the second section regarding the QE program?

• The technical execution of the program

• The intended horizon of the program

• The role of the Governing Council

• The impact of inflation

What is the purpose of the ongoing technical work mentioned in the third section?

• To create new investment opportunities

• To analyze the global economic impact

• To ensure a smooth execution of the program

• To develop new financial regulations

Who remains the ultimate decision maker in the QE program according to the third section?

• The technical committees

• The market analysts

• The Governing Council

• The financial advisors