At the latest European Central Bank (ECB) policy meeting on 2 August, ECB President Mario Draghi outlined a plan under which the ECB could resume purchases of Italian and Spanish bonds on the secondary market, in a bid to quell investors concerns regarding the peripheral countries' financial stability and stem risks of a possible Euro break-up. President Draghi justified the need for ECB action, as the current scenario of high yields on peripheral countries' sovereign bonds is hindering the transmission mechanism of monetary policy. The ECB acknowledged, however, that the burden of the adjustment rests in the hand of policymakers at a national level. According to the plan sketched by Draghi, the ECB would support the efforts of national governments and "within its mandate to maintain price stability over the medium term and in observance of its independence in determining monetary policy [
Eurozone Monetary Policy
Draghi outlines bond-buying plan
August 2, 2012
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Eurozone Economic News
October 24, 2016
Recent data suggest that business activity in the Euro area picked up momentum at the start of Q4.
October 20, 2016
The European Central Bank (ECB) decided to stay the course and made no changes to its monetary policy at its 20 October meeting, matching market expectations.
October 17, 2016
Complete data released by Eurostat on 17 October confirmed that harmonized inflation was 0.4% in September, above August’s 0.2% and the highest reading seen since June 2014.
October 12, 2016
The industrial sector in the common-currency bloc grew in August after contracting in July.
September 30, 2016
Inflation rose to an almost two-year high in September, providing some evidence that the European Central Bank’s monetary stimulus is bearing fruit.