English
The European Central Bank (ECB) could extend and change its quantitative easing program, meant to stimulate economic growth and the inflation in the Eurozone, according to the governor of the Bank of Spain, Luis Maria Linde.
He said yesterday: "If the ECB deems it necessary, it could use the flexibility of the program to extend its scale or duration or it could change its structure".
The ECB Governing Council will be meeting on Thursday, in Malta, and the markets are waiting for the institution to express its commitment to act towards raising inflation, but they do not expect any concrete announcement concerning changes to the asset acquisition program, amounting to 1,100 billion Euros.
According to Eurostat, the annual inflation rate in the Eurozone has fallen into negative territory, going to -0.1% in September, from +0.1% in August. The decline has been caused by the drop in the price of oil.
The ECB estimates that the inflation rate in the region will reach 0.1% this year, and is expected to increase to 1.5% next year and to 1.7% in 2017.
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