4 Apr 2014
Draghi extended the ECB's inaction - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, remarks yesterday's lack of action by the ECB.
Key Quotes
"ECB President Mario Draghi shied away from taking any concrete action after keeping rates on hold at record low levels at yesterday’s monthly meeting. In what is becoming very familiar rhetoric he pledged that opinion within the Governing Council was “unanimous” that additional policy measures would be brought into play if low inflation persisted."
"Draghi stated that ECB members had rich and deep discussions on a variety of non-standard measures with Quantitative Easing being a consideration. If implemented the European equivalent of Quantitative Easing might involve private sector bonds, rather than government debt."
Key Quotes
"ECB President Mario Draghi shied away from taking any concrete action after keeping rates on hold at record low levels at yesterday’s monthly meeting. In what is becoming very familiar rhetoric he pledged that opinion within the Governing Council was “unanimous” that additional policy measures would be brought into play if low inflation persisted."
"Draghi stated that ECB members had rich and deep discussions on a variety of non-standard measures with Quantitative Easing being a consideration. If implemented the European equivalent of Quantitative Easing might involve private sector bonds, rather than government debt."