Jan 21, 2016
Draghi sees need to review monetary policy as downside risks increase
The European Central Bank (ECB) today kept its monetary policy unchanged. Rates were held steady at 0.05 per cent and at the post meeting press conference ECB supremo Mario Draghi stated that rates can be expected to "stay at present or lower levels for an extended period of time". He held that there that downside risks were increasing again. He signalled the need for more stimulus measures and that monetary policy stance will be reassessed in its next meeting on the back of rising downside risks. He noted "It will therefore be necessary to review and possibly reconsider our monetary policy stance at our next meeting in March".
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