EU will save cheap loans until the end of 2019

The European Central Bank is ready to further delay the planned increase in its interest rates, at least until the end of 2019, as the deterioration in external demand in the eurozone has stabilized somewhat. The corresponding statement on March 27 was made by the ECB Chairman Mario Draghi.
Just as the European Central Bank has already done at the March meeting, it will ensure that monetary policy continues to fit the state of the economy, adjusting the rates to reflect the new inflation forecast.
The central bank also announced that from September 2019 to March 2021, they are planning a new round of long-term targeted loans for banks (the so-called TLTRO-III program), during which they will issue loans for a two-year maturity. This should push the growth of production and GDP.
At the end of the March meeting, the ECB left the interest rate on loans at zero, on deposits - at minus 0.4%, and on margin loans - at 0.25% per annum.
However, there is a doubt that Draghi and his colleagues will not be able to save the EU from the recession, which is clearly seen in the United States. And although the risk of the recession itself remains quite low, Brexit can still cause damage to the European economics and the euro.

*The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment.
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