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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The European Central Bank warns of rushing to change monetary policy

    Rocky
    Rocky
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     The European Central Bank warns of rushing to change monetary policy Empty The European Central Bank warns of rushing to change monetary policy

    Post by Rocky Tue 26 Sep 2017, 2:58 am

    [size=30]The European Central Bank warns of rushing to change monetary policy[/size]
    26/09/2017 10:31 | Number of readings: 1
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    [rtl]Trend Press / Agencies[/rtl]
     
    [rtl]European Central Bank President Mario Draghi said Tuesday that the bank's confidence is growing as inflation returns to its target level, but he urged patience until the sustainability of the economic recovery is assured.[/rtl]
    [rtl]Draghi pointed to currency fluctuations as a source of uncertainty to be monitored, and said that there was still a need for "generous" monetary easing, because any premature or hasty move would dispel the work done by the bank.[/rtl]
    [rtl]"Overall, we are more confident that inflation will eventually reach levels that are in line with our goal, but we also know that a very high degree of monetary easing is still needed until inflation rises," he said.[/rtl]
    [rtl]"We should also be mindful that the recovery should not be hampered by a hasty monetary decision," he told the Economic Affairs Committee of the European Parliament in Brussels. We can not afford the cost of hasty steps. "[/rtl]
    [rtl]With the 17th consecutive quarterly growth of the euro-zone economy, the European Central Bank is expected to cut its stimulus efforts starting next year, even if inflation remains below the nearly 2 percent target of the bank for years to come.[/rtl]
    [rtl]He told Reuters policymakers that the debate is now going on about the details of policy change, such as whether the quantitative easing program remains below the ceiling or signaling intention to gradually reduce bond purchases.[/rtl]
    [rtl]But any change will be phased in. Many monetary policy makers call for a gradual approach to prevent an overheating of the euro.[/rtl]
    [rtl]"We still see some uncertainty regarding medium-term inflation expectations, especially recent exchange rate fluctuations, which are a source of uncertainty to be monitored," Draghi said. So we need to be patient and persevering ».[/rtl]
     



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