Last week Mario Draghi, the head of the European Central Bank warned that inflation could reduce further in the EU however.
Online PR News – 26-April-2016 – Toronto, Ontario – Baumann Group
European Markets Dip Ahead of ECB Meeting Due This Week 26th April 2016
European markets slipped on Monday trading ahead of the ECB meeting due this week.
Last week Mario Draghi, the head of the European Central Bank warned that inflation could reduce further in the EU however, he did see inflation increasing by the end of the year into 2017.
The comments came as the ECB kept their rates the same after a change in policy in March.
After reducing the Banks main interest rate from 0.05% to 0.00% and increasing the bank deposit rate from -0.3% to -0.4% last month the ECB still have measures it can deploy if it sees the economy dipping further. By charging the major European banks for depositing funds with the ECB, the intention to force them to lend more has done little to spur the failing economy.
Now the Central bank is calling for governments to do more policy wise to work with the ECB’s current strategy as increasing their bond buying program from €60bn to €80bn last month has done little to inspire confidence in the region.
With inflation in the Eurozone sat at 0%, well below the European Central Bank’s 2% target, there are still calls for stronger monetary policies, especially from the German Finance ministry. Calls for reforms from the Germans are starting to get louder as the main economy in the EU looks to protect itself from policies that will negatively affect its growth and debt exposure.
Major European Market Closes 26th April:
FTSE 100 – 6,260.92
DAX – 10,294.35
CAC – 4,546.12
European markets are expected to remain steady this week as they await news from the ECB, BoJ and the Federal Reserve.
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