Relevant:
- Draghi Pessimism on European Recovery Stirs Expectations of Stimulus
- Walking-Back Tough Talk, Draghi Holds on to Central Bank Easing-Baton Yet Longer
- ECB Cuts Key Rate to Record Low to Fight Deflation Threat
- Mario Draghi: ECB prepared to cut interest rates and expand QE (AKA "DO WHATEVER IT TAKES 2.0"...)
- ECB Cuts Interest Rates to Record Low
2016-01-21 — wsj.com
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The European Central Bank is holding a news conference after subdued inflation across the eurozone caused the bank in December to cut its deposit rate deeper into negative territory and extend the duration of its asset-purchase program.
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"After December, everyone thought that was it for the ECB, and the next move would be tightening," said Jennifer McKeown, senior European economist at Capital Economics. "As it turns out...the bank is likely to keep the door wide open to policy support in future, particularly given the uncertain environment in financial markets and concerns about the global economy."''
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