ECB building consensus for a move in December– BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Córdoba) - According to analysts from Brown Brothers Harriman it looks like the European Central Bank (ECB) is on the way to building the necessary consensus to introduce more stimulus at the next meeting.

    Key Quotes:

    “While there wasn’t anything truly surprising out of Draghi’s press conference today, his stance was perhaps more dovish than expected and confirmed that the door is wide open for action at the December 3 meeting.”

    “As expected, Draghi said QE “can be adjusted in size, composition, duration.” But at least based on his comments today, the emphasis seemed to have been on discussions of a cut in deposit rates. Either way, the comments were unambiguous in suggesting that the ECB has the finger on the trigger.”
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