BBC.- The European Central Bank has opened the door to a cut in interest rates and the resumption of quantitative easing. The bank wants to prop up confidence in the eurozone, which has struggled with a manufacturing recession that risks unravelling years of stimulus.
European Central Bank
Bloomberg.- Mario Draghi hardened his language as he said the European Central Bank won’t shy away from action to support the euro-area economy as growth weakens.
BBC.- At a news conference after a policymaking meeting on Thursday, European Central Bank (ECB) president Mario Draghi described an outlook that is becoming more overcast. Economic data, he said, had been weaker than expected, and the risks to growth have increased.
Bloomberg.- When it comes to quantitative easing, the European Central Bank may be trying to bite off more than it can chew.
Bloomberg.- European Central Bank Governing Council member Ewald Nowotny said last week that the euro’s recent rise shouldn’t be “over-dramatized,” a notion that economists seem to agree with.
Bloomberg.- When the Governing Council of the European Central Bank meets on Thursday, it will continue to prepare markets for the start of its long process of normalizing its unconventional monetary policy.
Bloomberg.- The European Central Bank is preparing to cut its inflation outlook across its forecast horizon at this week’s policy meeting because of weaker energy prices, according to euro-area officials familiar with the matter.