ECB promises stimulus buys ‘as long as necessary’

September 12, 2019 - Comment

The European Central Bank promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory on Thursday in an effort to prop up the ailing euro zone economy that was cheered by financial markets.

The European Central Bank promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory on Thursday in an effort to prop up the ailing euro zone economy that was cheered by financial markets.

Reuters: Business News

White House Advisor Caroline Atkinson, Morgan Stanley’s Vincent Reinhart, and Emi Nakamura of Columbia University join CFR’s Sebastian Mallaby to discuss the latest developments in the world economy. While the economic recovery in the United States proceeds at a steady but low level, the Eurozone countries continue their struggle to maintain a positive rate of growth. The panelists discuss the state of the European recovery, the economic impact of the crises in Ukraine and the Middle East, and the European Central Bank’s recent decision to begin asset purchases.

This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies.

Speakers:
Caroline Atkinson, Deputy Assistant to the President and Deputy National Security Adviser for International Economics, The White House
Emi Nakamura, Associate Professor, Graduate School of Business and Department of Economics, Columbia University
Vincent Reinhart, Managing Director and Chief U.S. Economist, Morgan Stanley; Former Director, Division of Monetary Affairs, Board of Governors of the Federal Reserve System

Presider:
Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations
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