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ECB preview: expected to act - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at ANZ offered a preview for the ECB.

    Key Quotes:

    "We expect that the European Central Bank (ECB) will step-up its policy accommodation to support the economy in an environment of low inflation.

    The median forecast is for a 10bp cut in the deposit rate to -0.40% and an increase in the pace monthly asset purchases (QE), currently running at EUR60bn per month.

    Updated macroeconomic projections are expected to include a sharp reduction in the 2016 inflation forecast from 1.0% to 0.5-0.7% (largely on the back of the sharp fall in energy prices)."
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