ECB's Draghi: We will discuss QE

clock

The European Central Bank will consider quantitative easing among other measures to avoid a long period of low inflation, its president has confirmed.

Speaking on Thursday after the bank left interest rates at 0.25%, Mario Draghi said the governing council has a unanimous commitment to using unconventional as well as traditional monetary instruments.

He told reporters: "All instruments that fall within the mandate, including QE, are intended to be part of this statement. During the discussion we had today, there was indeed a discussion of QE. It was not neglected."

But the ECB failed to respond to calls from the International Monetary Fund and other bodies for immediate action.

Inflation fell to 0.5% in March, the lowest since the 2009 financial crisis and below Draghi's own "danger zone".

However, while the ECB has signalled monetary instruments are on the table to tackle potential deflation, the bank has refrained from taking further measures.

More on Investment

WBS' Steve Croucher: Barriers to entry for fractional shares are higher than you think

WBS' Steve Croucher: Barriers to entry for fractional shares are higher than you think

Risks can 'grow at pace'

Steve Croucher
clock 30 January 2025 • 4 min read
Partner Insight:  India is no longer an emerging market – it has emerged

Partner Insight: India is no longer an emerging market – it has emerged

India's diverse and rapidly growing economy, bolstered by a strong domestic market and strategic geopolitical position, is reshaping the global economic landscape, says Vikas Pershad, India Portfolio Manager, Asia Pacific Equities Team, M&G Investments.

M&G Investments
clock 30 January 2025 • 3 min read
Investment Company of the Year Awards 2024 Winners Interview - Brunner Investment Trust PLC

Investment Company of the Year Awards 2024 Winners Interview - Brunner Investment Trust PLC

clock 28 January 2025 • 5 min read
Trustpilot