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Mario Draghi: "The ECB has not been created to make sure governments do the right thing"

FXStreet (London) - European Central Bank president Mario Draghi is currently addressing the European Parliament's Economic and Monetary Affairs Committee:

- “The ECB has not been created to make sure governments do the right thing

- “Our monetary policy has been extraordinarily successful in reducing interest rates, even without QE.

- “Whether you like banks or not, they intermediate 80% of credit

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Natural gas prices rose as updated weather forecast models predict a cold weather over the fortnight from now due to which the weekly inventory report may start showing drawdowns from stockpiles rather than increases.
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Mario Draghi: ECB may expand purchases to include government bonds

Responding to questions from the European Parliament's Economic and Monetary Affairs Committee, Mario Draghi has said that "The ECB has not been created to make sure governments do the right thing,"
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