Arab Today, arab today ecb defends forward guidance on interest rates
Last Updated : GMT 02:26:33
Arab Today, arab today
Arab Today, arab today

ECB defends forward guidance on interest rates

Arab Today, arab today

Arab Today, arab today ECB defends forward guidance on interest rates

Frankfurt - XINHUA

The European Central Bank (ECB) on Thursday defended its forward guidance on interest rates in its monthly bulletin as a way to effectively maintain price stability . \"At the current juncture, forward guidance contributes to the ECB\'s pursuit of its mandate of maintaining price stability effectively, within the framework and in full respect of its strategy,\" said a statement in the monthly bulletin published on Thursday. The ECB president Mario Draghi told a news conference last Thursday that the key ECB rates to \"remain at present or lower levels for an extended period of time\". The announcement made by Draghi sparked speculation that there might be a shift of ECB\'s monetary policy. The ECB has a tradition of never pre-committing on future interest rates. Joerg Asmussen, a member of the Executive Board of the ECB, has been quoted as saying that the forward guidance on interest rates will go beyond 12 months. However, the ECB on Thursday said in the bulletin that \"the extended period of time over which the Governing Council currently expects the key ECB interest rates to remain at present or lower levels is a flexible horizon which does not pre-specify an end-date but is conditional on the Governing Council\'s assessment of the economic fundamentals that determine underlying inflation\". According to the ECB report, the expectation of the governing council is based on the overall subdued outlook for inflation extending into the medium term, given the broad-based weakness in the real economy and subdued monetary dynamics. \"The monetary policy stance remains geared towards maintaining the degree of monetary policy accommodation that is appropriate given the current outlook for price stability and towards the need to promote stable money market conditions,\" said the report.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb defends forward guidance on interest rates Arab Today, arab today ecb defends forward guidance on interest rates

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb defends forward guidance on interest rates Arab Today, arab today ecb defends forward guidance on interest rates

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday