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ECB: no change expected - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analyst at TD Securities noted the key events aheda and the ECB rate decision where they see no change in the main refinancing rate at 0.05% or the deposit rate of -0.03%.

    Key Quotes:

    "We don’t anticipate any changes to policy at this week’s ECB meeting. Beyond repeating the themes from December’s minutes, we could see President Draghi acknowledge the risks to their inflation forecast from lower oil prices (echoing the BoE, and saying they’re ultimately a good thing in the medium-term) while also expressing concern that lower inflation will keep real interest rates higher."
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