Draghi’s legacy: Pragmatism, Dissent, and Triumph!

The ECB kept interest rates unchanged at -0.50% and will continue its monthly asset purchase program to the tune of €20 billion and will continue the reinvestments from the proceeds of maturing bonds to ensure a convergence of inflation towards but below its 2.0% target. Its policy and renewed stimulus are designed to maintain an ample degree of monetary stimulus and liquidity in financial markets. Furthermore, the targeted long-term refinancing operation will be used to reduce the adverse impact of negative interest rates.

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Henri Kouam

Henri Kouam

I am an economist and contributor to Nkafu policy, a think tank. I cover global economic, fiscal and monetary policy with policy and asset price implications.