Draghi reiterates ECB guidance on QE, interest rates
Draghi in Washington:
- The words 'well past' in guidance are 'very important'
This is the passage Draghi is referring to:
"Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. We expect them to remain at their present levels for an extended period of time, and well past the horizon of our net asset purchases."
- Guidance reinforces stimulus from low rates and QE