The ECB plans to preserve low interest rate

ЕЦБ планирует надолго сохранить низкую процентную ставку

Record low key rate of refinancing in the Eurozone will not be promoted for a long time.

The President of the European Central Bank (ECB), Mario Draghi believes that low interest rates would persist “for an extended period of time.” About it it is spoken in his statement published on the ECB website.

The quantitative easing program of 60 billion euros, which is purchasing the securities as planned and will be valid until the end of 2017.

At the same time, if necessary, it can be extended further to approach the inflation target of 2 percent, according to a press release.

According to forecasts of the ECB, in 2017, the inflation rate in the Eurozone of 1.5% in 2018 will be reduced to 1.2%, and a year later will again be equal to 1.5%, indicated in the statement, Mario Draghi.

Source: Russian service of DW