Member countries of the EU are consumers of oil, but the falling price of black gold has not had a positive effect on either the wages or inflation, said the ECB President Mario Draghi.
WASHINGTON, 21 Dec –. The European Central Bank (ECB) does not see the positive impact of cheap oil on the economy of the EU about this at the press conference following the ECB meeting on Thursday the President said the regulator Mario Draghi.
EU countries are mostly consumers of oil, but a significant reduction is not yet reflected neither on wages nor on inflation in the EU, said Draghi. According to him, as long as this effect will not be noticeable reasons for optimism due to the fall in oil prices, the ECB is not.
The governing Council of the ECB at its meeting earlier on Thursday kept its base interest rate in the Eurozone at a record low of 0.05%. Deposit rate was kept at minus 0.3%, margin rate remained at the level of 0.3%. All of these decisions coincided with forecasts of analysts. New discussion on the rate increase postponed to March.