ECB expectations building in 2016 - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at Rabobank explained that as for the ECB, speculation of further action will very likely build as we head further into 2016.

    Key Quotes:

    "This, in turn, is particularly bullish as regards long end European rates owing to the fact that the inflation hawks have clearly taken over. The familiar German “no” looked to have changed from an objection to a veto at the ECB’s December meeting which argues that the ECB is now more pre-disposed to falling behind the curve.

    This, in turn, means that more pressure needs to be brought to bear for a given policy response which implies long end yields can fall further before a reaction can be expected."
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