Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

EZU Speeds Up Winding Down of Monetary Stimulus

0
Monetary Stimulus

The European Central Bank surprised with a faster winding down of monetary stimulus, as it noted that inflation is likely to stabilize at its target over the medium term.

Source: European Central Bank

IEV is down 1.50%, while EZU is down 2.09%.

ECB officials decided that monthly net purchases under the asset purchase program will amount to €40 billion in April, €30 billion in May, and €20 billion in June. They also indicated a possible stop as soon as the third quarter.

President Christine Lagarde said the Governing Council expects inflation to moderate to the 2% target over the medium term but noted that the ongoing tensions between Russia and Ukraine are a “substantial” upside risk to energy prices.

The decision comes contrary to the expectations of economists who anticipated a delay in major policy decisions, giving more firm for officials to better gauge the situation. Several members earlier renewed their commitment to stop large asset purchases.

Lagarde spoke with a barge showing the colors of the Ukrainian flag on her jacket while speaking to the media.

 

fxcoach

Tether Executive Says Stablecoins to Remain Relevant in the Face of CBDC

Previous article

Jobless Claims Climb for the First Time in Three Weeks

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News