Germany-Zero Interest Rate/Eurozone
Frankfurt, Germany – Jan 19, 2017
1.European Central Bank (ECB) officials walking onto stage for news conference
2. SOUNDBITE (English) Mario Draghi, ECB President:
"We confirm and we will continue to make purchases under the asset purchase program at the current monthly pace of 80 billion euros until the end of March 2017. And that from April 2017, our net asset purchases are intended to continue at a monthly pace of 60 billion euros until the end of December 2017, or beyond if necessary."
3. Various of news conference in progress
4. News conference ending
5. ECB building
6. Revolving door
7. Logo of "European Central Bank"
The European Central Bank will maintain a zero interest rate within the Eurozone, the bank’s president Mario Draghi announced on Thursday.
Draghi said at a news conference in Germany that the ECB will maintain its interest rate despite an increase in the Eurozone's rate of inflation.
Eurostat’s latest statistics show that the inflation rate in the Eurozone hit 1.1 percent in December 2016, the highest in three years. Nonetheless, the ECB decided to keep the current easy monetary policy in an attempt to further stimulate recovery in the economically fragile region.
"We confirm and we will continue to make purchases under the asset purchase program at the current monthly pace of 80 billion euros until the end of March 2017. And that from April 2017, our net asset purchases are intended to continue at a monthly pace of 60 billion euros until the end of December 2017, or beyond if necessary," Draghi said.
Some analysts point out that the zero interest rate policy damages depositors' interests, calling for the ECB to gradually raise the rate. At present, the Eurozone’s inflation rate is seeing an uptick, providing a favorable condition for the central bank to back away from a loose monetary policy.
Germany-Zero Interest Rate/Eurozone
Dateline : Jan 19, 2017
Location : English/Nats,Germany
Duration : 1'03
Frankfurt, Germany – Jan 19, 2017
1.European Central Bank (ECB) officials walking onto stage for news conference
2. SOUNDBITE (English) Mario Draghi, ECB President:
"We confirm and we will continue to make purchases under the asset purchase program at the current monthly pace of 80 billion euros until the end of March 2017. And that from April 2017, our net asset purchases are intended to continue at a monthly pace of 60 billion euros until the end of December 2017, or beyond if necessary."
3. Various of news conference in progress
4. News conference ending
5. ECB building
6. Revolving door
7. Logo of "European Central Bank"
The European Central Bank will maintain a zero interest rate within the Eurozone, the bank’s president Mario Draghi announced on Thursday.
Draghi said at a news conference in Germany that the ECB will maintain its interest rate despite an increase in the Eurozone's rate of inflation.
Eurostat’s latest statistics show that the inflation rate in the Eurozone hit 1.1 percent in December 2016, the highest in three years. Nonetheless, the ECB decided to keep the current easy monetary policy in an attempt to further stimulate recovery in the economically fragile region.
"We confirm and we will continue to make purchases under the asset purchase program at the current monthly pace of 80 billion euros until the end of March 2017. And that from April 2017, our net asset purchases are intended to continue at a monthly pace of 60 billion euros until the end of December 2017, or beyond if necessary," Draghi said.
Some analysts point out that the zero interest rate policy damages depositors' interests, calling for the ECB to gradually raise the rate. At present, the Eurozone’s inflation rate is seeing an uptick, providing a favorable condition for the central bank to back away from a loose monetary policy.
ID : 8041262
Published : 2017-01-20 08:26
Last Modified : 2017-05-10 16:42:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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