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QE Programe Expand to 80 Bln Euro by Draghi

March 10, 2016 9:43 pm

Today European Central Bank has been announced the Monetary Policy by Mr. Mario Draghi:

  • ECB interest rates cut to 0.00% from 0.05%.
  • Rate of Marginal lending facility by 5 basis points to 0.25%.
  • Deposit facility rate lowered to -0.40% from 0.30%.
  • Monthly QE program expand from €60 billion to €80 billion.
  • QE program intended to run until the end of March 2017.
  • Investment-grade euro-denominated bonds issued for purchases under a new corporate sector purchase programe.
  • ECB launch a new TLTRO II (targeted longer-term refinancing operations), starting in June 2016.
  • Growth down, due to reflecting weakening global prospects.
  • 2016 GDP revised down to 1.4% from 1.7%
  • 2017 GDP revised down to 1.7% from 1.9%, GDP to be 1.8% in 2018
  • Inflation forecast for 2016 slashed to 0.1% from 1%
  • Inflation to be 1.3% in 2017, will average 1.6% in 2018
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