The European Central Bank cut interest rates to a fresh record low on Thursday and launched a new scheme to push money into the flagging euro zone economy.
What does PM stand for?
PM stands for Push Money
This definition appears very rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of PM
We have 500 other meanings of PM in our Acronym Attic
- Pulp Mill
- Pulse Modulation
- Purchase Memorandum
- Purchasing Manager
- Pure Math
- Purulent Meningitis
- Push Me
- Sisters of the Presentation of Mary (religious order)
- St. Pierre and Miquelon (ISO country code, top level domain name)
- Program Manager, Air Defense Command and Control Systems
- Project Manager for Advanced Distributed Simulation
- Project Manager Airborne Reconnaissance and Exploitation Systems (US Army)
- Project Manager for Combined Arms Tactical Trainer
- Program Manager, Common Hardware Systems
- Project Manager Defense Communications and Army Transmission Systems
- Program Manager, Effects and Fires Command and Control Systems (formerly PM FATDS)
- Protomodel Fabrication (US NASA)
Samples in periodicals archive:
Draghi launches a new scheme to push money into flagging eurozone economy
The central bank wants to curtail funds flowing into China's vast "shadow" financial system that fuels property and stock speculation and push money into more productive areas of the economy to secure more sustained growth.
On top of this exercise to push money into the economy, it has also launched a Funding for Lending Scheme (FLS), providing cheap credit to banks to encourage them to offer loans to customers.
He said: "This scheme would push money out into the real economy, driving big business and providing funds for banks to lend.
Also, the consultative Shoura Council proposed imposing a tax on undeveloped plots of land, local media reported this month, which could push money out of unproductive land speculation into real estate development or other asset markets.
The plan is to cut or reassign 7,000 regular force and civilian personnel, cut a billion dollars from the subcontracting budget, and push money and personnel towards front-line, in-the-field roles.
He said: "This idea to just push money out the door is wrong.