Tags: EU | Europe | Economy

ECB to Signal Readiness for More Stimulus amid Uncertainty

ECB to Signal Readiness for More Stimulus amid Uncertainty

Thursday, 22 October 2015 06:22 AM

VALLETTA, Malta (AP) — The European Central Bank is expected to underline its willingness to increase its 1.1 trillion euro ($1.2 trillion) stimulus program Thursday as uncertainties grow over the global economy and low inflation.

While no final decision is expected at this meeting, investors will pay close attention to ECB President Mario Draghi's news conference for hints on timing.

The ECB injects cash in the eurozone economy by buying bonds with newly created money. To provide more support to the economy and push up inflation, which is far too low at minus 0.1 percent, the ECB could extend the program beyond its September deadline or increase the overall size.

Among key concerns are a slowdown in China and developing economies as well as a rise in the euro in recent weeks.

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The European Central Bank is expected to underline its willingness to increase its 1.1 trillion euro ($1.2 trillion) stimulus program Thursday as uncertainties grow over the global economy and low inflation.While no final decision is expected at this meeting, investors will...
EU,Europe,Economy
131
2015-22-22
Thursday, 22 October 2015 06:22 AM
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