European Central Bank has voted to restart its QE programme, and hit banks with deeper negative interest rates to make them lendECB president Mario Draghi is giving a press conference nowLatest: Draghi says governments must boost spendingPresident Trump claims ECB is weakening the euroBREAKING: New Stimulus Package from the ECBQE restarted – at €20bn per month 2.36pm BST Q: If governments don’t heed your advice to boost spending, will the ECB be forced to resort to helicopter money?Mario Draghi says the governing council hasn’t discussed helicopter money [literally giving cash away to citizens].Giving money to people is a fiscal policy task, not a monetary policy task. 2.32pm BST Q: What about criticism from politicians and bankers about negative interest rates?Negative interest rates are a necessity to help us meet our mandate, Mario Draghi replies firmly. Continue reading…
Via: Trump hits out as ECB's Draghi urges governments to spend more – business live
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