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Trading the ECB's dovish shift - The plan according to UBS

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 25, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Latest client note from Union Bank of Switzerland courtesy of efxnews.com. Sign up for the free trial here Says UBS: Our Euro area economics research team expects the ECB to deliver a 10bps deposit rate cut to -30bps. In addition, we believe the dovish guidance President Draghi gave to markets implies that the ECB is likely to take the opportunity to extend the QE programme by 3-6 months, thus giving the markets early clarity about the longer-term policy outlook.

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