Draghi Says Rates Unchanged, Says `Significant' Stimulus Still Needed

Draghi Says Rates Unchanged, Says `Significant' Stimulus Still Needed

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Business

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Hard

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The ECB has decided to keep key interest rates unchanged, expecting them to remain stable through summer 2019 and beyond if necessary to ensure inflation converges to just below 2%. The ECB will continue reinvesting in maturing securities to maintain liquidity and monetary accommodation. Economic data has been weaker than expected due to external demand and geopolitical uncertainties, but favorable financing conditions and labor market dynamics support economic expansion. Significant monetary policy stimulus is essential to support inflation and price pressures, with the ECB ready to adjust its instruments to meet inflation targets.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures does the ECB intend to take regarding non-standard monetary policy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do geopolitical factors play in the current economic sentiment?

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