Published on Gold Anti-Trust Action Committee (http://www.gata.org)

ECB's bazooka has not run out of ammunition, chief economist says

By cpowell
Created 2016-03-18 15:23

By Szu Ping Chan
The Telegraph, London
Friday, March 18, 2016

The European Central Bank is prepared to slash interest rates deeper into negative territory if the economic outlook deteriorates, according to its chief economist.

The economist, Peter Praet, insisted that the central bank had not run out of ammunition as he left the door open to pumping cash directly into the real economy through so-called "helicopter drops."

"If new negative shocks should worsen the outlook, or if financing conditions should not adjust in the direction and to the extent that is necessary to boost the economy and inflation, a rate reduction remains in our armory," he told Italian newspaper La Repubblica.

"We have not reached the physical lower bound" on rates.

Underscoring the ECB's determination to drive inflation back up to its target of just below 2 percent, Mr. Praet did not rule out printing money and giving it away to households. ...

... For the remainder of the report:

http://www.telegraph.co.uk/business/2016/03/18/ecbs-bazooka-has-not-run-... [1]


USAGold: Coins and bullion since 1973

USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com [2]

USAGold: Great prices, quick delivery -- all the time.

Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/ [3]

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/ [4]

Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html [5]

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal [6]

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [7]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [8]