[South Korea's Choice Financial newspaper reporter] European Central Bank (ECB) has frozen all the key policy rate. Also limit quantitative easing from April to maintain the existing policy was reduced to 600 euros per month.
The ECB (CNN) open and maintain the benchmark interest rate at a six-week regular monetary policy meeting in Frankfurt, Germany headquarters zero (0%), freeze the deposit rate and the marginal lending rate to -0.40% and 0.25%, respectively, did.
Asset purchase program (APP) for quantitative easing to 800 billion euros as a monthly until March, until after the April-December decided to maintain the existing policy established in December last year to 60 billion euros monthly.
Period drama governor in a press conference after the meeting, members are deemed to have no policy to make things better rates in the future, he said. In financial markets, the ECB monthly asset purchases to reduce the amount of 600 euro has been focused on whether interest rates after the announcement plans ECB.
Also next year, the ECB has raised inflation forecast for this year and than immediately before the meeting. Eurozone inflation forecasts announced (19 countries using the euro) by 1.7% in 2017, 1.6% in 2018 and 1.7% in 2019. Which is interpreted as related to the recent trend of steep inflation in the euro zone appeared impact of rising oil prices. ECB, which had proposed a 1.3%, 1.5% and 1.7% in 2017-2019, when inflation forecasts meeting last December.
But the governor said drive-based assessment that "underlying inflation is still low.
In addition to the 2017 to 2019 economic growth forecast ECB predicts a 1.8%, 1.7% and 1.6%, respectively.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
