zerohedge.com / by Tyler Durden / Nov 21, 2016 1:15 PM
Mario Draghi just dropped the c-word. In his address to the EU Parliament, the ECB President explained that financial-stability risks are “for the time being, contained.” Having admitted that Deutsche Bank is correct that negative rates certainly hurt bank profits, Draghi remains “committed to accomodative policy.” But it was ECB executive board member Benoit Coeure that spoiled the party by rejecting the narrative of ECB stock buying.
Buying stocks is “in theory possible” but the ECB is “far away from being in the place where we will need to do it,” ECB executive board member Benoit Coeure says on panel in Munich.
But all eyes were on Mario Draghi as he address EU Parliament…
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