European quantitative easing programme could be a boon for India. But there’s no room for complacency
Draghi has had to balance the need for action against German concerns about risk-sharing and potentially being left to foot the bill.
While the legal hurdles for ECB to act are clear, the main opposition comes from Germany
Economists polled by Reuters had expected a -0.1 per cent year-on-year fall in prices.
Investment and built-up area threshold have been brought down.
The PMO has also pitched for lifting restrictions on use of the funds raised overseas.
The ECB is expected to leave key rates unchanged and wait for next year to decide whether to take the leap to government bond-buying.
With many fearing the euro zone could be heading for a Japanese-style lost decade of deflation and recession.
ECB did not announce any new monetary support after its governing council meeting Thursday, at which it left its key interest rate at a record low of 0.05 per cent.
The ECB checked the worth of banks’ holdings and subjected the banks to a stress test that simulates how their finances would fare in an economic downturn.
The Fund this week cut its 2014 global growth forecast to 3.3 per cent from 3.4 per cent.
The guidelines allow issuance of shares subject to certain conditions like entry route, sectoral cap, pricing guidelines and compliance with the applicable tax laws.
Chief monetary authority for the 18 countries that use the euro cut its benchmark interest rate from 0.15 to 0.05 per cent, a new record low.
To begin with, the ECB faces technical and practical challenges that other major central banks don’t have.
England seamer Stuart Broad can be punished if his comments impinge upon a fellow player.
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