Back
15 May 2015
Draghi has ruled out ECB’s QE taper – UOB
FXStreet (Edinburgh) - Analysts at UOB Group reviewed the recent appreciations by President M.Draghi regarding the likeliness of terminating the ECB’s bond-buying programme before September 2016.
Key Quotes
“The European Central Bank President Mario Draghi in his Michel Camdessus Central Banking Lecture at IMF headquarters in Washington on Thursday (14 May) reiterated that the ECB’s QE stimulus will remain in place “as long as needed”
“… and “until we see a sustained adjustment in the path of inflation” easing some concerns that Eurozone’s recent run of improving data (including the recent 1.6%q/q SAAR bounce in 1Q GDP) would prompt the ECB to end its EUR60bn bond buying programme before its announced September 2016 end date”.
Key Quotes
“The European Central Bank President Mario Draghi in his Michel Camdessus Central Banking Lecture at IMF headquarters in Washington on Thursday (14 May) reiterated that the ECB’s QE stimulus will remain in place “as long as needed”
“… and “until we see a sustained adjustment in the path of inflation” easing some concerns that Eurozone’s recent run of improving data (including the recent 1.6%q/q SAAR bounce in 1Q GDP) would prompt the ECB to end its EUR60bn bond buying programme before its announced September 2016 end date”.