ECB president Mario Draghi asserts there is no unwinding of stimulus program

Economies.com
2016-12-08 14:23PM UTC

European Central Bank President Mario Draghi confirmed in the post-meeting press conference that the bank's measures to lower the monthly buying rates of government bonds isn't an unwinding of the stimulus program, as the bank extended it to September.
 
Draghi also confirmed the bank's monetary policy is adjustable, and the bank is ready to adjust the assets buying program, either by changing the period or the value if needed with economic and financial developments.
 
On the other hand, the ECB kept interest rates unchanged by Draghi said the bank still sees some negative pressure on the Eurozone's economy despite the modest recovery of growth rates.

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