Saturday, 5 December 2015

Mario Draghi has said there is no limit to how far the European Central Bank will go to hit its targets in a sharp response to market criticism that his latest stimulus package did not go far enough


No limit’ to ECB action to hit targets, pledges Draghi

Mario Draghi speaks during an Economic Club of New York event in New York.©EPA
Mario Draghi speaking at the Economic Club of New York
Mario Draghi has said there is no limit to how far the European Central Bank will go to hit its targets in a sharp response to market criticism that his latest stimulus package did not go far enough.
The ECB pledged on Thursday to continue its €60bn-a-month bond buying quantitative easing plan until March 2017 and cut a key interest rate to a fresh record low of minus 0.3 per cent. But the measures disappointed investors that have come to rely on Mr Draghi to smash expectations, with a broad market sell-off after the ECB failed to deliver deeper cuts and an increase in the pace of QE.

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