Draghi: ECB Did Not Discuss QE Extension Beyond March

The transcript discusses the review of a program by committees, focusing on preliminary reports and measures under consideration. It explores the stimulus provided by the QE program, examining whether the stock or flow of purchases is more impactful. The discussion includes technical work to ensure smooth program execution and options in case of bond shortages. The Governing Council emphasizes supportive financing conditions for recovery and inflation control, reaffirming its role as the ultimate decision-maker.

What are the implications of supportive financing conditions on recovery?

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What topics were explicitly stated as not being discussed in the meeting?

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