ECB in­fla­tion tar­get at in­creased risk

The Pak Banker - - FRONT PAGE -

MANNHEIM: The risk has in­creased that the Euro­pean Cen­tral Bank will miss its medium-term in­fla­tion tar­get and the bank is pre­pared to beef up its as­set pur­chase pro­gramme, known as quan­ti­ta­tive eas­ing, if nec­es­sary, a top rate set­ter said on Wed­nes­day.

The bank is buy­ing 60 bil­lion eu­ros worth of as­sets each month, hop­ing to boost prices and growth af­ter a brief bout of de­fla­tion and ex­pec­ta­tions that price growth would take years to rise back to the ECB's tar­get of just be­low 2 per­cent.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.