FOREX TradingCharts.com

Financial News: ECB's Draghi Says Policy Stance Accommodative, Not Short

ECB's Draghi Says Policy Stance Accommodative, Not Short Of Tools

03/27/2019 - 04:30:00 (RTTNews)

(RTTNews) - European Central Bank President Mario Draghi said on Wednesday that the bank's monetary policy stance remained accommodative in the face of weaker growth outlook for the euro area.

Speaking at the ECB Watchers conference in Frankfurt, Draghi said, "We are now seeing a more persistent deterioration of external demand."

"But a "soft patch" does not necessarily foreshadow a serious slump," he added.

The latest stimulus measure from the ECB is a new series of cheaper longterm loans to Eurozone bank under the TLTRO III scheme.

Considering the weaker outlook for inflation, the ECB Governing Council also decided to extend the date-based leg of it forward guidance on interest rates "at least through the end of 2019".

"These decisions ensure that our policy stance remains accommodative in the face of a weaker growth outlook," Draghi said.

"The commitment to our objective also implies alertness to future risks and a readiness to respond to them should the medium-term outlook continue to deteriorate significantly," Draghi noted.

"We are not short of instruments to deliver on our mandate," he said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Housing Starts Unexpectedly Dip 0.3% In March (08 hr(s), 04 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday unexpectedly showed a modest de ...Full Story»

Japan Overall Inflation +0.5% On Year In March (46 min(s), 42 sec(s) ago)
(RTTNews) - Overall nationwide consumer prices in Japan were up 0.5 percent on year in March, the ...Full Story»

South Korea Producer Prices Rise 0.3% In March (51 min(s), 42 sec(s) ago)
(RTTNews) - Producer prices in South Korea were up 0.3 percent on month in March, the Bank of Kore ...Full Story»

Japan Inflation Data Due On Friday (06 min(s), 42 sec(s) ago)
(RTTNews) - Japan is scheduled to release March numbers for consumer prices, highlighting a light ...Full Story»

U.S. Leading Economic Index Climbs More Than Expected In March (06 hr(s), 23 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed its reading on U.S. leadi ...Full Story»

U.S. Business Inventories Rise Slightly Less Than Expected In February (06 hr(s), 27 min(s), 18 sec(s) ago)
(RTTNews) - Business inventories in the U.S. increased by slightly less than anticipated in the mo ...Full Story»

Philly Fed Index Pulls Back But Still Indicates Growth In April (07 hr(s), 20 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday showed the p ...Full Story»

U.S. Retail Sales Show Much Bigger Than Expected Rebound In March (07 hr(s), 31 min(s), 18 sec(s) ago)
(RTTNews) - Retail sales in the U.S. spiked by much more than expected in the month of March, the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Housing Starts Unexpectedly Dip 0.3% In March

04/19/2019 - 08:49 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday unexpectedly showed a modest de ...Full Story>>

Japan Overall Inflation +0.5% On Year In March

04/18/2019 - 19:40 PM (RTTNews)
(RTTNews) - Overall nationwide consumer prices in Japan were up 0.5 percent on year in March, the ...Full Story>>

South Korea Producer Prices Rise 0.3% In March

04/18/2019 - 18:45 PM (RTTNews)
(RTTNews) - Producer prices in South Korea were up 0.3 percent on month in March, the Bank of Kore ...Full Story>>

Japan Inflation Data Due On Friday

04/18/2019 - 18:00 PM (RTTNews)
(RTTNews) - Japan is scheduled to release March numbers for consumer prices, highlighting a light ...Full Story>>

U.S. Leading Economic Index Climbs More Than Expected In March

04/18/2019 - 10:30 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Thursday showed its reading on U.S. leadi ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.