The ECB has gone All in, The ECB came out with all dovish guns blazing today to reverse the tightening in money and financial market conditions since June,...
James McKay
BRR Media
The ECB has gone All in, The ECB came out with all dovish guns blazing today to reverse the tightening in money and financial market conditions since June, stoking a rally in euribor futures (lower rates) but causing the EUR to drop nearly 1% vs the USD. The only thing that was missing today was a cut in the refi rate and/or negative deposit rate, but neither has not been ruled out given that downside growth risks continue to exist. Casting better macro data side, the ECB officially introduced 'forward guidance' on rates and said exit is very distant
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
1 topic
James McKay
Relationship Manager
BRR Media
Expertise
No areas of expertise
James McKay
Relationship Manager
BRR Media
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The most consistent ASX dividend stocks
Livewire Markets
Equities
Buy Hold Sell: 5 ASX names built for income
Livewire Markets