Draghi Signals ECB Stands Ready to Ease Policy If Needed

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European Central Bank President Mario Draghi said the bank stands ready to cut interest rates if the economy deteriorates further, and officials are considering additional measures to boost growth as the debt crisis enters its fourth year.

“Our monetary policy stance will remain accommodative for as long as needed,” Draghi said at a press conference in Frankfurt today after the ECB kept its benchmark interest rate at a record low of 0.75 percent. “We will assess all the incoming data in the coming weeks and we stand ready to act.”

With doubts growing about Draghi’s forecast for an economic recovery later this year, the ECB is looking at a range of measures including lower rates, more long-term loans to banks and a program to encourage lending to small- and medium-sized companies, three officials with knowledge of the deliberations said this week. The ECB president said today that officials are “looking at various instruments,” though he stopped short of saying what they would be.

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cut further lol

the banks are getting away with day light robbery and who knows how long it will last, maybe another 5yrs

its estimated that because of the ludicrously low rates the banks have saved $1 trillion and counting

if they paid more interest, the peasants would have more to spend, thus boosting the economy without all the phoney money

only really intented to expanded the money supply for the richest cartel familys

for every dollar they print, somehow they get $10 - not sure how exactly, maybe leverage and lending it out with interest?

i had a quick look at the historical rates earlier, and in 2000/2001 they were around 6% in the UK

if you offered anyone that today it would be classed as a ponzi scheme

next they will be asking for money to keeping our money safe

 

"If needed" = "When ordered"

Depends when do they want to launch a next attack to the middle class

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