investigates details of an aspect of recent developments in european central bank recent monetary policy; with historic data
According to Oct22nd press conference, Governing Council decided to keep the key ECB interest rates unchanged and asset purchase program stays unchanged. President also said that, the degree of monetary policy accommodation will need to be re-examined at their December monetary policy meeting. Governing Council will continue to fully implement the monthly asset purchases of 60 billion. These purchases are intended to run at least until the end of September 2016, until they see a sustained inflation path below 2%.
ECB expanded asset purchased programs(APP) on January 22nd 2015: monthly purchases in public and private sector securities amount to 60Billion. ECB also lower interest rate below zero bound in January. Although after releasing QE on January, the inflation of Euro has raised. However, with the weakness of monetary policy accommodation make the situation goes back. President also stated that, the Governing Council is willing and able to act by using all the instruments available within its mandate if warranted in order to maintain an appropriate degree of monetary accommodation.
Refernce：European Central Bank Introductory Statement