ECB's Draghi hints door is open to more 'QE' in December
The European Central Bank could announce more easing measures at its
December meeting, the bank's president, Mario Draghi, hinted on
Thursday. Speaking after the ECB kept interest rates steady, as
expected, Draghi said economic recovery and inflation in the eurozone
were likely to be hit by slowing growth in emerging markets. "In this
context, the degree of monetary policy accommodation will need to be
re-examined at our December monetary policy meeting, when the new
eurosystem staff macroeconomic projections will be available," Draghi
said at the meeting. He added that the Governing Council is "willing and
able to act by using all the instruments available within its mandate,"
including lowering the deposit rate further into negative. The euro
EURUSD, -1.3493%
dropped more than a percent to $1.1188 as Draghi spoke.
Of course its open, its all they have left. Same here in the United States, print of die...the 00000000,1% must be thrilled.
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