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19 Mar 2015
QE easing financial conditions – ECB bulletin
FXStreet (Mumbai) - The European Central Bank (ECB) monthly bulletin released today said the Quantitative Easing Program that it begun earlier this month is already easing financial conditions in the Eurozone.
The bulletin also says the lower bank funding costs are gradually reaching economy, while stating that the slow pace of the structural reforms implemented in the Eurozone economies acts as an obstacle to the economic recovery.
The bulletin states the basis for the ongoing economic recovery has strengthened visibly over recent months. Sharp fall in Oil prices, rise in domestic demand due to accommodating policies, and rise in external demand due to weakness in EUR are cited as basis for ongoing recovery in the Eurozone.
The bulletin also says the lower bank funding costs are gradually reaching economy, while stating that the slow pace of the structural reforms implemented in the Eurozone economies acts as an obstacle to the economic recovery.
The bulletin states the basis for the ongoing economic recovery has strengthened visibly over recent months. Sharp fall in Oil prices, rise in domestic demand due to accommodating policies, and rise in external demand due to weakness in EUR are cited as basis for ongoing recovery in the Eurozone.