what it announced at the last meeting it's cutting back the asset purchases and it announced that it will end those asset purchases by the end of the year the net purchase is this it that is the e.c.b. has said a few things to calm the nerves on the markets to it intends to reinvest as it says the principal payments from maturing bonds for an extended period of time after the end of the net purchases and in any case the e.c.v. says as long as necessary to maintain favorable liquidity conditions and an ample degree of monetary accommodation so this really is good news for people on the markets it means that the shift from quantitative easing to quantitative tapering is very soft very cautious and very market friendly ok so it's taking measures somewhat soft measures but tell me did the e.c.b.
announced at the last meeting it's cutting back the asset purchases and it announced that it will end those asset purchases by the end of the year the net purchases this is that is the e.c.b. has said a few things to calm the nerves on the markets to it intends to reinvest as it says the principal payments from maturing bonds for an extended period of time after the end of the net purchases and in any case the e.c.v. says as long as necessary to maintain favorable liquidity conditions and an ample degree of monetary accommodation so this really is good news for people on the markets it means that the shift from quantitative easing to quantitative tapering is very soft very cautious and very market friendly ok so it's taking measures somewhat soft measures but tell me did the e.c.b.
he's been told it's not available because of the dollar exchange race and here they can't help them either. the delicate situation in turkey is being closely followed by the whole financial world let's go to germany's financial capital frankfurt respondent standing by to see you again we know that european banks are big creditors so the turkish businesses so there must be a big interest here in stabilizing the current situation in turkey what's the word in frankfurt what could be done. well the e.c.v. can stabilize banks that could get into trouble talking to analysts a lot of people don't think it's quite that bad for the banks that have been under discussion be b.v.a. of madrid unicredit of the lander b.n.p. parivar in paris and e.c.b. could provide some some help and also the national governments for individual banks for turkey itself. turkey is not in the euro zone and the e.u.
yeah joins me now on today's euro zone interest rate call has been clucky incipit it yes you can say that i'm ready to and the european central bank has just announced that it leaves the key interest rate fully eurozone unchanged it will also keep rates on his story close of zero percent at least through next summer but it is also said it's how it's massive bond buying program and said it ended it altogether in december after the financial crisis the e.c.v. had started sabai euro zone members government bonds to the tune of thirty billion euros per months to stimulate growth since twenty fifteen months of the month the e.c.b. has spent a total of two point four trillion euros on that program with the bond purchases the e.c.b. his balance sheet has now swollen to over eleven trillion euros that's about forty
benchmark refinancing rates at historic low of zero percent and it will stay that way for an extended period of time that's despite policymakers demanding the bank's president mario draghi increase rates to match an ongoing recovery in the european economy or the eurozone economy rather the e.c.b. is right setting council plans to continue its bond buying program at thirty billion euros a month from january until at least the end of september. over to frankfurt to get the reaction from mad all the training for daniel cope i guess the c b is justifying its actions based on those growth forecasts that are coming through. here this is very controversial actually banned because many people here on the trading floor but also experts are saying that the economy and the inflation data is already at the level where it's supposed to be but no the e.c.v. is saying that for some when you talk about the consumer prices they are afflicted
a market researchers in japan thinks. the many faces of bank of japan governor how will he koku road but what's he thinking and more importantly what's he about to say that's the question researchers believe they'll soon be able to answer. basic but we've proven the correlation between the governor's facial expressions and the decisions he makes on fiscal policy i believe we can use this method to predict his next move on monetary policy. central bank chiefs are used to close scrutiny take easy head mario draghi some people believe his choice of type presents a clue about his fiscal plans. others think the way federal reserve chair janet yellen construct her sentences can be revealing. videos of federal reserve chair woman janet yellen and e.c.v. head mario draghi are readily available so why won't the research to cover them to
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