The European Central Bank ECB delivered a surprise package of measures to kickstart Europe's economy on Thursday, cutting its main interest rates and expanding its massive bond-buying program. The bank's president, Mario Draghi, said the outlook for economic growth in the euro zone had been revised slightly down — mainly reflecting the weakened outlook for the world economy — but added that he did not anticipate needing to reduce rates further. Draghi's comments sent the euro bouncing back off its session lows and yields on US Treasurys rising. The euro zone's 19 countries are now seen posting average growth of 1. In light of cuts to the growth and inflation outlook, the ECB announcements on Announcements that it had cut its main refinancing rate to 0. In addition, the ECB will add corporate bonds to the assets it can buy — specifically, investment grade announcements bonds issued by non-bank corporations. These purchases will start towards end of the first half of Plus, the bank will launch a new series of four targeted longer-term refinancing operations TLTROs with maturities of four years, starting in Factory. At his regular media conference on Thursday, Draghi said that the set of measures would "reinforce the momentum of the euro zone's economic recovery. The ECB went against tradition in presenting measures other than rate changes in its written statement. Draghi said that interest rates would likely remain at present or lower levels for an "extended period of time and well past the horizon of our net asset purchases. He denied however that the ECB was engaging in a "race to the bottom" in terms of global interest rates and said that extending asset purchases did not amount to currency intervention. Draghi added that TLTROs had previously proved forex and provided an attractive long-term funding option for banks facing sizable refinancing needs in a volatile environment. Experts question whether the central bank's stimulative plans could harm the euro zone's fragile banking sector. Negative rates — effectively charging banks to deposit money — have a significant impact on banks' profits as they cannot be passed on to consumers. Some analysts believe they amount to a tax on factory banking system, compressing their margins, although Draghi said on Thursday that the experience of negative rates in the euro zone had been "very positive. Indeed, the Euro Stoxx banking benchmark has fallen sharply in the past 12 months, with the drop most pronounced last month amid concerns over the quality of some lenders' balance sheets. He added the risk with a further deposit rate cut was that it could be negative for the market and the banking sector in particular, while an increase in asset purchases would be much more positive. Any reference to the purchase of corporate bonds would be even more positive, he said, but unlikely. Murray Roos, Global Head of Sales for Equities and Prime Finance at Citi told CNBC said further measures would likely strengthen the equity market, but warned that the returns could be diminishing. Geopolitical as well as macroeconomic factors that conspired to make for a very volatile start to the year in equity markets were stabilizing somewhat, Roos forex. Decisive action today could further reduce the uncertainty and volatility, he added. Follow CNBC International on Twitter and Facebook. Asia Europe Stocks Commodities Currencies Bonds Funds ETFs Investing Trading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener Tech Mobile Social Media Enterprise Gaming Cybersecurity Tech Guide Make It Entrepreneurs Leadership Careers Money Specials Shows Video Top Video Latest Video U. Video Asia Video Europe Video CEO Interviews Analyst Interviews Full Episodes Shows Watch Live CNBC U. Business Day CNBC U. 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Register Log In Profile Email Preferences PRO Sign Out. Economy World Economy US Economy The Fed Central Banks Jobs GDP outlook. ECB pulls out all the stops, cuts rates and expands QE Katy Barnato Antonia Matthews. Factory will stay very low for long time: Why Factory ruled out tiering system. ECB pulls out all the stops for Europe. The ECB can't achieve everything: What will be the impact of QE? ECB cuts key rate. Markets rally on news of ECB action. ECB takes policy action. ECB cuts interest rates and expands asset purchases. New euro zone growth forecasts: Why the ECB's move is a good thing. Central banks operating with 'pea shooter'. Ireland beats China, India to grow by 7. Katy Barnato Reporter and Copy Editor, CNBC. Antonia Matthews Digital News Editor. To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. YOUR BROWSER IS NOT SUPPORTED. 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Bagaimana Membaca Forex Calendar atau News Di Forex Factory
Bagaimana Membaca Forex Calendar atau News Di Forex Factory
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It should be no wonder that you have not mastered the understanding of them all.
This means that people change when civilization is no longer around to. constrain their savageness.