ECB launches new growth stimulus programme

Image may be NSFW.
Clik here to view.

Mario Draghi at ECB press conference on Majuarny 22, 2015

European Central Bank (ECB) president Mario Draghi announced a programme to purchase public and private bonds worth 60 billion euros per month. The programme will be operational in March and run until September 2016.

The purchase of the public and private bonds will be done according to the share capital each country represented in the ECB holds via their national banks.

Draghi’s announcement was released after the annual inflation rate of the eurozone continued to decline in December 2014, reaching minus 0.2 percent, far below the 2 percent target previously envisaged by the ECB.

Nevertheless, Draghi expects a gradual increase of inflation in the eurozone in late 2015 and 2016.

Listen to the Romanian podcast version of this Euranet Plus story below

• Image may be NSFW.
  Clik here to view.Get more Romanian Euranet Plus productions by Radio România
  Mario Draghi, preşedintele Băncii Centrale Europene a anunţat lansarea unui program extins de achiziţie a titlurilor financiare, cu o valoare lunară de 60 de miliarde de euro, program care are in vedere revigorarea economiei Europei si va fi mentinut pana in septembrie 2016.

Have your say

• Twitter: Discuss and re-tweet our Tweets …
  

  Repere europene 2015: BCE lansează un program de stimulare a creşterii economice http://t.co/uH14fgprcC

  — EuranetPlusRO (@EuranetPlus_RO) January 28, 2015

• Facebook: Share and discuss our post …

Suggested Euranet Plus stories

• Image may be NSFW.
  Clik here to view.Stock markets boosted by ECB bond-buying plan | January 26, 2015 | Euranet Plus News Agency | English
  With its quantitative easing programme, announced last Thursday (January 22), the European Central Bank plans to revive the European economy and prevent deflation in the eurozone by buying 60 billion euros in governments bonds per month until well into next year. Although it’s too early to evaluate the impact, Fabian Zuleeg, director of the European Policy Centre think tank in Brussels, has pointed out that stock markets have gone up because they believe the ECB’s plans will bring more economic activity, which means more growth.

• Image may be NSFW.
  Clik here to view.ECB plans major eurozone investment | January 22, 2015 | Euranet Plus News Agency | English
  The European Central Bank announced on Thursday (January 22) its quantitative easing programme to revive the European economy and prevent deflation in the eurozone, with plans to buy 60 billion euros in governments bonds per month, starting from March. This, according to the bank, will add liquidity to the EU economy. However, many have expressed doubts over whether the plan will be enough to tackle deflation.
• Image may be NSFW.
  Clik here to view.Who wins with more flexible economic rules in Europe? | January 20, 2015 | Euranet Plus News Agency – U Talking to Me? video edition | English
  Last week the European Commission had announced its intentions to be more flexible on the Stability and Growth pact, but insisted that the rules would not be modified. Nevertheless, there will be a change of interpretation that could prevent needed reforms from being implemented, said Markus Ferber, a German member of the European Parliament (MEP), who discussed the Commission’s economic programme with Euranet Plus correspondents in this week’s “U Talking to Me?” debate. Ferber predicts that investors will be deterred by the new guidelines.

• Image may be NSFW.
  Clik here to view.Top lawyer gives green light to ECB bond-buying scheme | January 14, 2015 | Euranet Plus News Agency | English
  An adviser for the EU’s top court has given the European Central Bank the go-ahead to implement a programme that could pave the way for quantitative easing in the eurozone. The programme would aim to prop up the economics of struggling eurozone members like Spain, Italy and Greece and help prevent a collapse of the single euro currency.