ECB announces end of QE later this year and cuts economic forecast



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First funding2018-12-14 10:51:41

Introduction: The European Central Bank said that while the bond purchase plan is about to end, the principal of the maturity securities will be fully reinvested to ensure good liquidity and sufficient monetary easing.

ECB announces end of QE later this year and cuts economic forecast

The European Central Bank announced the decision of the December interest rate, keeping interest rates unchanged, and confirmed the end of December QE quantitative easing policy.

The European Central Bank said that while the bond purchase plan is about to end, the principal of the maturity securities will be fully reinvested to ensure good liquidity and sufficient monetary easing.

The European Central Bank expects the current zero interest rate policy to remain at least until the summer of 2019.

Following the announcement, the euro rose 0.1% against the dollar in the short term to 1.1387. European bank stocks rose collectively early in the trading session, with the industry gaining almost 1.4%. At the close, the three major European stock indexes reversed the uptrend, and short-term dip fell at all levels.

The economic outlook report of the European Economic Bank for the next three years, the GDP forecast is reduced and inflation showed no signs of warming. Among them, the GDP growth rate is expected to be 1.9% by 2018. The GDP growth rate is 1.7% by 2019 and the GDP growth rate is expected to be 1.7% by 2020. The inflation rate is expected to be 1.8% by 2018, the inflation rate expected to be 1.6% by 2019, the inflation rate expected to be 1.7% by 2020.

Publisher: Luo Wei

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