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Mario Draghi Explains Why 'Buying Corporate Bonds As Well' Will Work This Time - ECB Press...

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With rates left unchanged - deep in NIRP-land - amid an increasingly fragile banking system (see Italian bank stocks), we expect ECB chief Mario Draghi to reassure an anxious public how well QE is working (despite weak growth and tumbling PMIs), how great negative rates are for stimulating 'something' despite inflation's drift lower, and how his about-to-be-launched corporate bond buying bonanza will really solve the problems of the world (by enabling firms to lever up even more and buyback more stock?).

 

Started Early:

 

  • DRAGHI SAYS RATES TO STAY LOW WELL BEYOND QE HORIZON
  • DRAGHI: ASSET BUYS TO RUN TO MARCH 2017 OR BEYOND IF NEEDED
  • DRAGHI: EXPECT RATES AT CURRENT, LOWER LEVELS FOR EXTENDED PERIOD
  • DRAGHI: EXPECT RECOVERY TO PROCEED AT MODERATE BUT STEADY PACE
  • DRAGHI:GROWTH STILL SUPPORTED BY DOMESTIC DEMAND; EXPORTS WEAK
  • DRAGHI: IF WARRANTED, WILL USE ALL TOOLS AVAILABLE IN MANDATE
  • DRAGHI: TO CLOSELY MONITOR PRICE STABILITY OUTLOOK
  • DRAGHI: EXPECT ADDL STIMULUS FROM MEASURES NOT YET IMPLEMENTED

 

Live Feed:

 

 

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