Thursday, April 03, 2014

Federal Reserve

ECB promises more money printing.
"Mr. Draghi was speaking after the ECB decided to keep its main interest rate unchanged, as expected, at 0.25%, a record low that has been in place since November, despite a recent report that inflation in the euro zone has slid far below the bank’s target of just under 2%.

“We are resolute in our determination to maintain a high degree of monetary accommodation and to act swiftly if required. Hence, we don’t exclude further monetary-policy easing,” Mr. Draghi said. Interest rates would remain at current or lower levels for an extended period, he added."
If I knew then what I know now, I'd have been a banker. Nah. Probably not. I don't like thieves.

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