"There are no signs that low interest rates are shifting financial incomes from strong countries to weak countries, as is often claimed." Mario Draghi said it yesterday, referring to the German controversies on the redistribution of the effects of quantitative easing from strong countries such as Germany to the "most vulnerable countries".
“Monetary policy today is protecting the interests of savers – continued Draghi -, ensuring that the output gap closes faster and defending the potential growth on which savers' income depends. Looking ahead, we remain committed to maintaining a very significant degree of expansionary monetary policy, necessary for inflation to converge towards levels below, but close to, 2%”.
