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Draghi – QE will run longer if necessary

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    ECB’s Draghi, while explaining today’s decision to cut rates and expand QE, said the stimulus will reinforce momentum of the Eurozone's recovery and the QE program will go on till March 2017 or beyond if necessary.

    Key Quotes

    QE will run until the ECB sees a sustained rise in CPI

    Raises Issue share limit on QE bonds to 50%

    4 new TLTRO's will run for four years

    The first, TLTRO 2 will start in June

    TLTRO rate can be as low as the prevailing deposit rate

    Switches from TLTRO 1 will be allowed

    Corporate bond purchases will start end of Q2
    For more information, read our latest forex news.
     

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