Market Should Not Doubt’ Mario Draghi ECB QE

Larry Fink, CEO and Chairman of BlackRock, spoke with Bloomberg TV’s Erik Schatzker and Stephanie Ruhle today at the World Economic Forum’s annual meeting in Davos, Switzerland. Fink discussed the European Central Bank’s asset-purchase plan and the outlook for the euro-dollar exchange rate, Federal Reserve policy and the U.S. economy. He also spoke about the Swiss National Bank’s decision to abandon its currency cap.
Reacting to the ECB’s quantitative easing announcement, Fink said: I think we’ve seen over the last few years you have to trust in Mario…the market should not doubt Mario. He’s been able to pull this through…This monetary policy is going to keep the euro weak. And I think a weakened euro will allow European companies to improve. So I do think the European economies will be marginally better this year than last year."