It must have been a disappointment for those who had expected an exciting and action-loaded ECB meeting today. In fact, the ECB did not do anything. Interest rates remain on hold and any possible new unconventional measures were left safely stored in the closet. ECB president Mario Draghi himself had stirred the expectations for today’s […]
Agent 0.00, Draghi Neither Shaken Nor Stirred
Mario Draghi, President of the European Central Bank, yesterday explained the ECB’s rationale for lowering interest rates. Speaking in Frankfurt, Draghi said: “… the economic analysis indicates that we may experience a prolonged period of low inflation, to be followed by a gradual upward movement towards inflation rates below, but close to, 2% later on. […]