Draghi prepares ground for awaited QE


“The objective here would not be to defend the current stance, but rather to increase meaningfully the degree of monetary accommodation,” the ECB president Mario Draghi said at the Conference De Nederlandsche Bank 200 years: Central banking in the next two decades, in Amsterdam on Thursday.


More pills:

“While inflation will remain low for a prolonged period, we see it gradually rising back to 2 percent,” Draghi said today. “The delay is largely explained by the impairments in the transmission mechanism that lengthen the lag between our accommodative policy stance and price developments.”

Any asset-purchase program “should certainly take into account the heterogeneity, the fragmentation let’s call it, of our euro-area system, if that is relevant for the effectiveness of the purchase program.”


*Check Mr. Draghi’s original speech here.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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