The ECB said it will apply the debt purchase program … – Telam

The minutes note that at the meeting on 4 and 5 March the “positive impact” they have had in the last financial markets ECB measures, especially with regard to stressed the yield curve and to a lesser extent, inflation expectations.

In the same added that this confirms that the measures are working as intended when it was extended the asset purchase program to public debt, although stress the need to implement them fully to prevent reverse this “favorable impact” on the market.

“Therefore, it is essential that the Governing Council stand firm, executing the steps taken without hesitation until the objectives are achieved, in line with its commitment to maintain this policy for as long as necessary “, underline the reports released today Europa Press.

Furthermore, the ECB stands while there are reasons to be cautious about the materialization of economic forecasts made in March, and the period of time that will be in force unconventional measures.

In addition, generally all the Government Council considered that the current package of measures is appropriate in the current scenario to achieve over time the targets, so they did not see a need for new policies right now.