Magazine
Latest Issue

Mario Draghi, the President of the European Central Bank, has just announced that the ECB will launch a programme of Quantitative Easing amounting to 60bn per month, starting in March, and continuing until September 2016. The bank will maintain its programme of QE, said Draghi, until there was a: “Sustained adjustment in the path of inflation which is consistent with our aim of achieving inflation rates of 2 per cent.”

Low interest rates and weak economic performance in the Eurozone and Europe more generally have brought the ECB to this decision. The ECB cannot reduce its interest rates any further…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with our newsletter, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect