Mario Draghi comments over Interest rates

European Central Bank President Mario Draghi stated that interest rates will likely be revised by 2017.   He commented on investors situation saying that market expectations is focused on 2017 and he will eventually introduce new stimulus measures to support the Eurozone no matter how unusual they might be.   President Draghi was addressing the Washington annual meeting which comprised of mebers from the International Monetary Fund and the World Bank.   He likewise reiterated his firm belief that without the participation of European governments, no monetary policy will be able to stand out.   ECB’s president nevertheless remains confident about the efforts the Eurozone’s government are going to put in and made an appeal to them to use EU fiscal space to the maximum.   “While stabilization policies that raise output toward potential are necessary, they are not enough. We need to urgently raise that potential. And that means reform,” Mario Draghi said.   The ECB has previously forecasted a meek growth for the end of 2014 for the Eurozone and the 2% inflation level target might see the dawn before 2017.   Source: Bloomberg
Priscilla Camryn By: Priscilla Camryn