The European Central Bank reaffirmed its ultra-easy policy stance yesterday
Even keeping the door open to increasing bond purchases, dashing hopes it would formally signal its intent to claw back stimulus from next year.
The ECB kept rates at their record lows, confirmed that asset buys would continue at 60 billion euros (HK$563.4 billion) per month at least until December and said it could even increase or expand the asset purchases if needed, sticking with its long-held super easy stance.
"This autumn, we will decide on the calibration of our policy instruments beyond the end of the year, taking into account the expected path of inflation and the financial conditions needed for a sustained return of inflation rates towards levels that are below but close to 2 percent," ECB President Mario Draghi commented yesterday.
Source: The Standard HK