Money For Nothing And Their Bank Deposits Are Free (And ECB Still Can’t Generate Inflation)

Jon Economy, Fiscal Policies, Market Commentary

There seems to be an inability of Central Banks to generate inflation. Take Mario Draghi and the European Central Bank.
This morning, ECB head honcho ‘Super’ Mario Draghi pulled a Captain Obvious press conference.
(Bloomberg) – Mario Draghi signaled the European Central Bank probably won’t stop its quantitative-easing program without tapering it first, indicating that the stimulus is likely to run past the currently scheduled end-date of March 2017.
‘An abrupt ending to bond purchases, I think, is unlikely,’ the ECB president said in a press conference in Frankfurt on Thursday. A sudden stop ‘is not present in anybody’s mind.’
Thank you, Captain Obvious. None of us were expecting a sudden stop of Central Bank QE.
Europe has an inflation rate of 0.4%, below the ECB’s 2% target for inflation.

This post was published at Wall Street Examiner by anthonysanders17 ‘ October 20, 2016.