Five takeaways from the European Central Bank’s April press conference

first_img Show Comments ▼ Five takeaways from the European Central Bank’s April press conference You may have been slightly distracted when a glitter-wielding protester leapt onto the table infront of European Central Bank governor Mario Draghi today. If so, here’s a quick re-cap of one of the more memorable pressers:Greek debt negotiations: Draghi emphasised that the ball remains in Greece’s court. The further provision of Emergency Liquidiy Assistance (ELA) – which is keeping the cash-strapped country afloat – “is entirely in the hands of the Greek government and the negotiations that are taking place,” he said.Greece is currently trying to come up with a set of acceptable economic reforms in order to secure further funding. Finance minister Yanis Varoufakis will jet off to the US tonight to meet President Barack Obama, as well as the lawyer who helped Greece restructure its debt in 2012.Economic outlook: The ECB said that euro area’s economic outlook has become more balanced amid recent monetary policy conditions, falling oil prices and a lower exchange rate. Availability concerns: Draghi moved to quell doubts over whether the ECB would run out of bonds to buy. “We believe these worries are … premature [and] certainly not supported by the evidence.” Duration doubts: And he assured investors by reiterating Frankfurt’s commitment to its massive quantitative easing programme.”Our focus will be on the full implementation of our monetary policy measures,” he said. “Purchases are intended to run until the end of September 2016 and, in any case, until we see a sustained adjustment in the path of inflation that is consistent with our aim of achieving inflation rates below, but close to, 2 percent over the medium term.”This built on previous dismissals by Draghi of suggestions that the ECB would scale-down stimulus sooner-than-expected, but other Eurozone officials have said the programme could wind up sooner if the inflation goal – of just under two per cent – is reached ahead of expectations.No bubbles: Despite quantitative easing leading to extremely low bond yields across the Eurozone Draghi said that “so far [the ECB] have not seen any evidence of a bubble.” Jessica Morris whatsapp whatsapp Share Wednesday 15 April 2015 10:03 am More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes Tags: NULLlast_img

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