- Friday, 21 October 2016
- News
ECB leaves open door for more stimulus
The European Central Bank left ultra-loose monetary policy unchanged on Thursday but kept the door open to more stimulus in December, firmly shooting down any talk of tapering its 1.7 trillion euro asset-buying program. Offering few clues to the euro zone central bank's next move, ECB President Mario Draghi left a wide range of options on the table and emphasized that a long-awaited rise in inflation is predicated on "very substantial" monetary accommodation.
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- Wednesday, 19 October 2016
- News
Euro fell despite no major data releases
There were no major data releases from Eurozone yesterday, with focus on ECB Meeting. Expectations management will be ECB President Draghi’s principal task on Thursday. In this context, he will not have the option of repeating last month’s strategy of saying nothing. In particular, Draghi is likely to push back against any suggestion that there will be any near-term move to tapering bond purchases. He is also likely to pledge a full review of policy for the December meeting and maintain the aggressive commitment to meeting the ECB inflation target.
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- Tuesday, 18 October 2016
- News
Euro little changed in a quiet European part of the session
There are no data releases from Eurozone today, with markets being focused on Thursday's ECB Meeting. What we can expect is that the ECB will confirm that tapering “has not been discussed” and we expect President Draghi to emphasize, as he did at the IMF press conference last weekend, the ECB’s intention to preserve the ECB’s” necessary” and “very substantial” amount of monetary support.
Read more...- Monday, 12 September 2016
- News
Euro little changed at the beginning of the week
It is a quiet Monday trade, with no major data releases. Markets are still evaluating recent ECB stanzas. For the first time in more than two years, ECB President Mario Draghi neither announced new stimulus measures nor signaled they were in the pipeline after the bank's decision to maintain its current bond-buying policy. Read more...
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