Draghi Says There’s Clear Evidence ECB Policy Is Effective
2015-04-17 20:36:09.938 GMT
By Stefan Riecher
(Bloomberg) -- “Financial-market conditions and the cost
of external finance for the private sector have eased
considerably over the past months and borrowing conditions for
firms and households have improved notably, with a pick-up in
the demand for credit,” ECB President Mario Draghi says in text
of statement to the IMFC in Washington.
* “We intend to purchase private and public securities until
end-September 2016. In any case, we will continue the
purchases until the Governing Council sees a sustained
adjustment in the path of inflation which is consistent with
its aim of achieving inflation rates below, but close to, 2%
over the medium term”
* “Regarding structural reforms, important steps have been
taken in several euro-area member states, while in others
measures still need to be implemented”
* NOTE: Link to statement
* NOTE: Draghi Shrugs Off Protest Shock to Signal Calm on
Economy
For Related News and Information:
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To contact the reporter on this story:
Stefan Riecher in Washington at +49-69-92041-341 or
sriecher@bloomberg.net
To contact the editors responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net
Brendan Murray
2015-04-17 20:36:09.938 GMT
By Stefan Riecher
(Bloomberg) -- “Financial-market conditions and the cost
of external finance for the private sector have eased
considerably over the past months and borrowing conditions for
firms and households have improved notably, with a pick-up in
the demand for credit,” ECB President Mario Draghi says in text
of statement to the IMFC in Washington.
* “We intend to purchase private and public securities until
end-September 2016. In any case, we will continue the
purchases until the Governing Council sees a sustained
adjustment in the path of inflation which is consistent with
its aim of achieving inflation rates below, but close to, 2%
over the medium term”
* “Regarding structural reforms, important steps have been
taken in several euro-area member states, while in others
measures still need to be implemented”
* NOTE: Link to statement
* NOTE: Draghi Shrugs Off Protest Shock to Signal Calm on
Economy
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Stefan Riecher in Washington at +49-69-92041-341 or
sriecher@bloomberg.net
To contact the editors responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net
Brendan Murray