• Draghi: Extension of Purchases Allows for More Lasting Transmission

Market news

8 December 2016

Draghi: Extension of Purchases Allows for More Lasting Transmission

  • See Moderate, Firming Recovery, Subdued Inflationary Pressure

  • Extension of Program Calibrated to Preserve Substantial Accommodation

  • Purchases With Yield Below Deposit Rate Permitted to Extent Necessary

  • Maturity Range of Public Sector Program Broadened

  • Conducted Comprehensive Assessment of Outlook and Policy Stance

  • See Continuation of Growth Trend in 4Q

  • Will Act, If Warranted, By Using All Instruments

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