Tuesday, June 2, 2015

New meeting without expectations the ECB decides on policy … – Telam

Economists expect the key interest rate to continue by 0.05 percent, the record low set in September 2014 to revive the weak situation in the eurozone.

In this new session, the body chaired by Mario Draghi will also released its new quarterly projections.

 In March, the ECB posted growth rates of 1.5 percent, 1.9 percent and 2.1 percent for the years 2015, 2016 and 2017 respectively.

These projections They were seen by many experts as “very optimistic”. However, no correction is not expected to decline, as recently advanced the board member of the ECB, Yves Mersch.

By contrast, the inflation forecast could be improved following the slight rise in the rate year in the eurozone went from negative to stand at zero percent in April, a tenth more than in March and 0.3 percent in May values.

The ECB set a rate Consumer Prices zero percent by 2015. As for 2016 expects a slight improvement in inflation to 1.5 percent and 1.8 percent in 2017.

The guardian of euro is immersed in its program of buying bonds worth 60,000 million euros a month (64,000 million dollars).

Draghi insisted at the last meeting that this program will continue until September 2016 or until increase the rate of inflation in the euro zone to approach the goal of price stability set by the ECB to “close but below, 2 percent.”

This new meeting will be marked by the Greek crisis. The Greek government will run out of time. On June 5, Greece must return € 300 million to the International Monetary Fund (IMF), to which other payments add up to a total of about 1,550 million that currency.

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