European Central Bank rolls out new stimulus measures

Global Business

European Central Bank rolls out new stimulus measures

European Central Bank launched an unexpectedly broad array of stimulus measures Thursday aimed at boosting a modest economic recovery in the 19 countries that use the euro and nudging up dangerously low inflation.

CCTV America’s Guy Henderson filed this report from Frankfurt.

 
European Central Bank rolls out new stimulus measures

European Central Bank rolls out new stimulus measures

European Central Bank launched an unexpectedly broad array of stimulus measures Thursday aimed at boosting a modest economic recovery in the 19 countries that use the euro and nudging up dangerously low inflation.

The steps, which ranged from interest rate cuts to cheap loans to banks, included several measures many analysts hadn’t anticipated, such as expanding its monthly bond-buying stimulus program to include corporate bonds.

The aim is to pump money back into the economy and reverse a slide into deflation: caused, in part, by low oil prices and a slowdown in developing economies.

But with a weak economic recovery here, more lending could be risky. Even with these extra incentives, it’s unclear whether European banks will be willing to write more loans.


Jeffrey Borneman on ECB’s stimulus measures

CCTV America’s Michelle Makori spoke to Jeffrey Borneman, the founder of Rampart Portfolio Partners.

Jeffrey Borneman on ECB's stimulus measures

Jeffrey Borneman on ECB's stimulus measures

CCTV America's Michelle Makori spoke to Jeffrey Borneman, the founder of Rampart Portfolio Partners.