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EUROZONE RECOVERY 'DEPENDS ON LOOSE MONEY'

Aruba, November 18, 2016 - European Central Bank chief Mario Draghi has said the eurozone's still shaky recovery remains heavily reliant on the bank's ultra-loose monetary policy.

"We cannot be sanguine over the economic outlook," he said in a speech at a banking conference in Frankfurt today. 
 
Among the factors still threatening the eurozone's growth prospects are geopolitical risks, low inflation and an over-dependence on the ECB's easy money policies, he said. 
 
Nonetheless, the bank is "committed to preserving the very substantial degree of monetary accommodation" currently in play - a sign perhaps that it will extend its €80bn a-month bond-buying programme when the governing council next meets on 8 December.
 
 

By orbitalnets.com