BCE keeps rates unchanged

The board of the European Central Bank left to stand the cost of money: the main rate thus remains at a record low of 0.00%, the rate on bank deposits to -0.40% and the marginal lending facility at 0.25%. "They will remain at these levels or lower for a long time, certainly beyond the end of our plan of purchases in 2017," says the president of the BCE, Mario Draghi that no plans at present the helicopter money hypothesis: "Before all, there are technical and legal difficulties, but the truth is that we have never discussed it. "

Also on March 10 Frankfurt had also intervened on "unconventional measures", expanding from 60 to 80 billion Euros of the monthly amount of purchases 'quantitative easing', by extending the subscription to corporate bonds 'investment grade' and announcing four new operations Tltro in the new version to four years.

The European Central Bank, therefore, focuses on the QE bond purchases that from June to comprederanno also corporate bonds: "Among the assets will fall even insurance, provided they are not controlled by banks. The purchases will continue until September 2017 or more. the economic conditions are improving, however continued global uncertainty. for this reason, monetary policy will remain accommodative as long as necessary "he says Draghi adding:" We will continue to monitor inflation and we will use all means at our disposal to to improve the situation".