La BCE prépare l'avenir

Christophe Blot () and Paul Hubert
Additional contact information
Christophe Blot: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po

Post-Print from HAL

Abstract: At the press conference following the meeting of the ECB's Governing Council on Thursday, 8 June, Mario Draghi announced that the Bank's key interest rates would remain unchanged (0% for the main refinancing operations rate, a negative 0.40% for the deposit facility rate and 0.25% for the lending facility rate). In particular, Draghi gave some valuable insights into the future direction of the euro zone's monetary policy by changing its message. Whereas he had systematically stated that rates could be cut ("at lower levels"), he now stated that they would be maintained at the "present level" for an "extended period of time" and "well past the horizon of our net asset purchases".

Keywords: Banque centrale européenne; Politique monétaire (search for similar items in EconPapers)
Date: 2017-06-09
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03458706
References: Add references at CitEc
Citations:

Published in 2017

Downloads: (external link)
https://sciencespo.hal.science/hal-03458706/document (application/pdf)

Related works:
Working Paper: La BCE prépare l'avenir (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03458706

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().