You are here
Euro drops on hopes of more QE after ECB admits missing inflation target
By Mehreen Khan
The Telegraph, London
Thursday, October 15, 2015
The European Central Bank is missing its inflation target and will have to ramp up stimulus measures, according to the chief of Austria's central bank.
Ewald Nowotny, who sits on the board of the ECB, said it was "quite obvious" that monetary policymakers would now embark on further measures to lift inflation less than a year after the start of its unprecedented quantitative easing (QE) programme.
The comments, from the usually hawkish Mr. Nowotny, mark the first time one of Europe's senior central bankers has all but confirmed more QE is coming. The remarks saw the single currency fall by as much as 0.6 percent against the dollar to $1.142 in early morning trading.
The "ECB is using the monetary policy instruments available -- but it is quite obvious that in the current macroeconomic situations, additional sets of instruments are necessary," Mr. Nowotny said at a conference in Warsaw. ...
... For the remainder of the report:
http://www.telegraph.co.uk/finance/economics/11932819/Euro-drops-on-hope...
Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore
Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.
Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.
Goldbroker.com is listed among GATA's recommended monetary metals dealers:
To invest or learn more, please visit:
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015
https://jeffersoncompanies.com/landing/gata
The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015
http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2015
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
