ECB press conference begins

ECB press conference begins

Draghi:

We decided to restart net purchases under the APP at a monthly pace of €20 billion as from 1 November

We now expect the key ECB interest rates to remain at their present or lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2%

We expect the net asset purchases to run for as long as necessary to reinforce the accommodative impact of our policy rates, and to end shortly before we start raising the key ECB interest rates

We intend to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when we start raising the key ECB interest rates

12 Sep 19 (Thu)

12:38 pm



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