Draghi , interest rates, eurozone stability, Post brexit ,hinting public bailout of italian banks,Bonds
The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting "great" uncertainty and abundant risks to the economic outlook. Draghi opening Statement Signalling a readiness to act, ECB President Mario Draghi argued that Britain's decision to leave the European Union and weak emerging market growth both dampen the euro zone's own outlook, leaving the balance of risks tilted firmly to the downside and possibly requiring action. But Draghi also noted that growth and inflation were both moving along the path projected in June so more evidence, including fresh staff projections in September, were needed before any decision. "If warranted to achieve its objective, the Governing Council will act by using all the instruments available within its mandate," Draghi said. "So I would stress readiness, willingness, ability to do so." The balanced comments give the ECB ti...