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        The ECB will not be too anxious to end its debt purchase


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The European central bank executive Cole said on Wednesday that the European Central Bank will not rush at the end of the 2 trillion and 550 billion euro trillion (3 trillion and 170 billion dollar) quantitative easing plan, because inflation is still not clearly heading for the goal.
With the booming eurozone economy and record employment, and the fact that the euro area economy is running out of idle capacity, the pressure of European Central Bank's stimulus measures is rising.
"Of course, (quantitative easing) will not last forever, but the general consensus of the management committee is that we must be patient and cautious, because inflation has not yet reached the target level," Cole pointed out after his speech in Dublin.
"We're not going to worry about it," he added.
The ECB's inflation target is slightly below 2%, and its forecast shows that inflation will be below that target at least by 2020, which supports its prudent position.
Although the ECB has hinted that it may soon begin to discuss its policy guidelines, Cole said policymakers have not yet done so.
"We are talking about when to discuss this," he said. "There is a lot of speculation about the internal divergences of the committee, but any fine differences are the time to communicate."


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