Tuesday, May 30, 2017

Draghi ECB will keep rates low

Draghi: ECB will keep rates low until next year

The European Central Bank is going to leave the quantitative easing program unchanged at least until the end of March next year. In this case, the key regulator of rates will remain at current levels or will be reduced even more. This statement was made on the eve of the head of the ECB, Mario Draghi.

He explained that the recovery of the regional economy still affect low demand for "emerging markets, the volatility in the financial markets, as well as insufficient financial reforms in the eurozone."

Note that on Thursday the European regulator has reduced all three interest rates.

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