Arab Today, arab today ecb signals easier monetary policy to boost growth
Last Updated : GMT 19:02:10
Arab Today, arab today
Arab Today, arab today

ECB signals easier monetary policy to boost growth

Arab Today, arab today

Arab Today, arab today ECB signals easier monetary policy to boost growth

The European Central Bank
Washington - XINHUA

The European Central Bank (ECB) President Mario Draghi said on Friday the ECB is willing to push more accommodative monetary policy as the continent suffered stagnant economies.
The ECB announced a package of stimulus measures in June, including record-low interest rates, targeted longer-term refinancing operations and preparatory work related to outright purchases of asset-backed securities
"I am confident that the package of measures we announced in June will indeed provide the intended boost to demand, and we stand ready to adjust our policy stance further," said Draghi at the Fed's annual symposium in Jackson Hole, Wyoming.
At present, the unemployment rate in the euro area was 11.5 percent, almost twice the rate in the United States, while the price level kept falling. In July, the annual inflation rate dropped to 0.4 percent in July from 0.5 percent in June, far below the ECB's target of 2 percent, according to the data of ECB.
To boost aggregate demand, Draghi said "monetary policy can and should play a central role, which currently means an accommodative monetary policy for an extended period time."
The Fed has held its annual symposium in Jackson Hole since 1981, which has also been attended by many foreign central bankers around the world. Two former Fed chairmen, Ben Bernanke and Alan Greenspan have used it to signal major policy changes during their term. The theme of this year's meeting is Re-Evaluating Labor Market Dynamics.

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 signals easier monetary policy to boost growth Arab Today, arab today ecb signals easier monetary policy to boost growth

 



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 signals easier monetary policy to boost growth Arab Today, arab today ecb signals easier monetary policy to boost growth

 



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
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