Draghi tells the EU Parliament his relaxed policies are here to stay

The too slow or non existing pace of wage increases is the main reason for the non revival of inflation in Eurozone. This is what Mario Draghi told the Economic Committee of the European Parliament last Monday. He added that this is why the economic slack in the euro area may be larger than we […]

Draghi will not hesitate to zero ECB’s basic interest rate

Combining what Mario Draghi, the President of the European Central Bank, said yesterday about low inflation projections and the Governing Council’s forward guidance of the economy, the conclusion one can draw is that, the ECB’s basic interest rate will remain at its present (0.25%) or lower levels for the next two years, at least well […]