ECB cuts interest rates, extends stimulus package to March 2017
ECB president Mario Draghi stated in today’s meeting that the ECB would extend their €60 billion ($64.8 billion) per month bond-buying program to at least March 2017 in order to spur the bloc’s low inflation rate of around 0.1%, which is well below the Bank’s target of around 2%. However, the bank did not increase the size of their stimulus measures.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- March PE expectations in Turkey weighed by new capacities, cooling demand
- PP prices hit 4-year low in China as demand remains minimal
- Taiwanese major’s March PVC offers to Asia up despite virus fears
- Virus-impacted demand inflicts toll on Vietnam's PE market
- HDPE fails to track firmer trend of LD, LLDPE in Europe
- China’s ABS market on soft path dragged by subdued demand
- Softening trend prevails in SEA PP market as virus fears dampen sentiment
- Chinese producers cut PET offers further amid coronavirus outbreak
- Oil and petchem companies’ earnings hit by falling margins in 2019
- Will February PP hikes prove workable in Europe?