Euro falls sharply as ECB's Draghi says more stimulus could come if inflation doesn't pick up

ECB's Draghi defends policy tools and says it has further room to act

European Central Bank President Mario Draghi tried to reassure market players about the bank's ability to act amid growing doubts on the real effect of monetary policy if a new recession were to materialize.

European Central Bank President Mario Draghi arrives for the European Council Summit in Brussels, Belgium, on March 22, 2019.defended the tools that the organization has available on Tuesday, saying that it could cut interest rates again or provide furtherSpeaking at the ECB Forum in Sintra, Portugal, Draghi tried to reassure market players about the bank's ability to act amid growing doubts on the real effect of monetary policy if a new recession were to materialize.

At the same conference, which began Monday, different policymakers and ECB-watchers raised concerns about the bank's toolkit. "I am nearly sure that the ECB cannot by itself, at this point, fight a recession ... It will need help, it is fairly obvious," Olivier Blanchard, former chief economist at the International Monetary Fund told CNBC's Annette Weisbach in Sintra.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ECB's Draghi pulls European stocks back into blackEuropean stock markets recovered from early falls on Tuesday after European Cent...
Read more »

Deutsche Bank to set up 50 billion euro bad bank: FTDeutsche Bank is planning to overhaul its trading operations by creating a &quot...
Read more »

Deutsche Bank to set up 50 billion euro bad bank in revampDeutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets
Read more »

Deutsche Bank to set up 50 billion euro bad bankDeutsche Bank is planning to overhaul its trading operations by creating a so-ca...
Read more »

Deutsche Bank to set up 50 billion euro bad bank: sourceDeutsche Bank is planning to overhaul its trading operations by creating a so-ca...
Read more »

ECB's Draghi pulls European stocks back into blackEuropean stock markets recovered from early falls on Tuesday after European Cent...
Read more »