ECB president Mario Draghi statements

ECB president Mario Draghi statements 

Nov. 21 2014

During his speech announced this morning, Mario Draghi has claimed that the bank will expand its asset purchase program to tackle the low inflation rates, as the Euro area economy risks a renewed slowdown.

As disappointing economic data released on yesterday showed that Purchasing Managers Index for factories fell to 50.0 in November lower from 51.4 in October. While the German services PMI fell to 52.1 lower from October reading 54.4.

In addition, the ECB has launched new measures to ease credits in euro zone.

And during Draghi speech, the Euro declined significantly while the US stock futures were up.

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