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FRANKFURT， Sept. 8 (Xinhua) -- The European Central Bank (ECB) decided to take no further action on its monetary policy for the euro area on Thursday， leaving the key interest rates unchanged and extending the monthly asset purchase of 80 billion euros (90 billion U.S. dollars) until the end of March next year.
ECB President Mario Draghi said at a press conference here that the question of the extension of the Asset Purchase Programme -- also known as Quantitative Easing (QE) -- had not been discussed at the governing council meeting on Thursday.
"For the time being， the changes are not so substantial to warrant a decision to act，" he said.
Draghi emphasized that the monetary policy adopted by the ECB turned out to be fully effective， seeing that credit had been growing constantly within the euro area since 2014， the financial fragmentation was over， and shocks to the eurozone economy had been effectively addressed at the beginning of this year.
"Transmission of monetary policy has never worked better than it does today，" he added.
In addition， the ECB revised the GDP growth forecast of the euro area slightly upwards to 1.7 percent for 2016， while lowering the growth forecast by 0.1 percentage point to 1.6 percent for both 2017 and 2018， according to the latest ECB staff macroeconomic projections.
Meanwhile， the outlook for the eurozone annual inflation rates for the coming years remained broadly unchanged.
"We continue to expect real GDP to grow at a moderate but steady pace and euro area inflation to rise gradually over the coming months，" said the head of the ECB.
TALLINN， Nov. 21 (Xinhua) -- Estonian Center Party Chairman Juri Ratas was confirmed as new prime minister by the Parliament on Monday with 53 votes in favor.
Of the 96 members of parliament at present out of the total 101 seats， 33 voted against the new government， with five absent， three no voting， and seven abstentions.
Addressing the parliament before the vote， Ratas mentioned Estonia's population crisis， its stagnating economy， growing inequality， and security situation as the country's four biggest challenges， which needs to be addressed.
He maintained that the North Atlantic Treaty Organization (NATO) and its membership in the European Union were still Estonia's best safety guarantee， stressing that Estonia would continue on this path.
Ratas pledged that the new governmen. Cheap Jerseys Cheap Wholesale NFL Jerseys Cheap Jerseys Free Shipping Cheap Authentic NHL Jerseys Cheap NFL Jerseys Shop Cheap NFL Jerseys Free Shipping Cheap Wholesale NFL Jerseys Wholesale Jerseys China Wholesale NFL Jerseys Wholesale NFL Jerseys