Euro Crisis Far From Over $EUR/USD
|Recent CandleStick Analysis
European Central Bank president Mario Draghi acknowledged today that the euro zone crisis is not over and that the economic recovery is weak and fragile.
He made the observations in comments at a press conference in Frankfurt, Germany, following a meeting of the ECB.
Earlier, the ECB decided to maintain its key interest rate at a record low 0.25 percent.
“The risks surrounding the economic outlook for the euro area continue to be on the downside. Developments in global money and financial market conditions and related uncertainties may have the potential to negatively affect economic conditions,’’ Draghi said in his statement.
He also added that the ECB expects that key interest rates “will remain at present or lower levels for an extended period of time.’’
“We may experience a prolonged period of low inflation to be followed by a gradual upward movement towards inflation rates below but close to 2 percent later on,” he said in a statement.
The monetary policy makers are meeting in Frankfurt, Germany.
The central bank also held its other two key rates — the marginal lending rate and the deposit rate — unchanged at 0.75 percent and zero percent respectively.
Latest posts by Shayne Heffernan (see all)
- Mike “Daddy” Evans Rings in on WiFi Wireless, Inc. (OTC:WFWL) - February 13, 2016
- Oil Price Report: Rally on a Rumor - February 13, 2016
- Euro Crisis: Italy Economic Update - February 13, 2016
- Millions of Americans Cook … in the Nude? - February 12, 2016
- Visit Vava’u - February 12, 2016
Trade FX, Equities and Options with the World's Leading Platform , call our trade desk 631 482 0376, or contact us to get started.
F1: Ferrari's Goal, Win 10 Grand Prix Races This Season ... read more
Italy's recovery from recession virtually stalled towards the end of ... read more
Gold Bugs See Prices Rising To 1,500 oz In Here ... read more