eurozone

eurozone

ECB keeps zero interest rate reaffirming will to keep Brexit fallout minimal

1d ago
SOURCE  

Description

유럽중앙은행, 제로금리 유지..."모든 정책수단 동원" The European Central Bank has reaffirmed its will on its quantitative easing program and has decided to keep unchanged its interest rates and stimulus measures. While it's too early to assess Brexit impact, the ECB president says the bank is ready to do everything possible to keep the market stable. Park Jong-hong reports. ECB President Mario Draghi said it was too early to tell how Brexit would impact the eurozone's fragile economic recovery. He made a point that the ECB's stimulus measures and central banks' pledges to provide liquidity had helped "keep market stress contained". "Following the UK referendum on EU membership, our assessment is that euro area financial markets have weathered the spike in uncertainty and volatility with encouraging resilience." He projected the failed coup in Turkey would have only a limited impact on the eurozone but could pose a huge burden should the political instability become drawn out. In particular, he said the ECB's Governing Council would continue to monitor market developments closely and that, if warranted, would use "all the instruments available within its mandate" pointing to the "prevailing uncertainties" at the moment. Last month Mr Draghi told EU leaders the Brexit vote could undermine eurozone growth by up to zero-point-five percent over the next three years. Park Jong-hong, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld