ECB’s Draghi Says Helicopter Money Not Discussed

April 21, 2016 Share Print 0

European Central Bank (ECB) President Mario Draghi said on Thursday that the bank had “never discussed” issuing so-called helicopter money as part of its efforts to bolster the euro zone’s economy.

“We haven’t really thought or talked about it… It’s a very interesting concept … but we haven’t studied it,” he said at his regular media conference, according to Reuters.

The bank maintained its monetary policy on Thursday, after delivering a surprise set of measures last month to boost the euro zone economy.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.