ECB: When going early isn't enough As expected, the ECB left their key refinancing rate, along with their deposit and lending facilities, steady at 0.05%,...

David Scutt

Scutt Partners

ECB: When going early isn't enough As expected, the ECB left their key refinancing rate, along with their deposit and lending facilities, steady at 0.05%, -0.2% and 0.3% respectively in October. In his press conference accompanying the rate decision, ECB President Mario Draghi announced that the ECB will begin to purchase covered bonds and asset-backed securities, the former from October, the latter in Q4, with the program scheduled to last two years, be inclusive of securities rated both above and below BBB- and potentially be in excess of €1trn in value. (VIEW LINK)


David Scutt
David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.