- Analytics
- News and Tools
- Market News
- Here is the next step from the ECB - Danske
Here is the next step from the ECB - Danske
"The ECB kept all policy measures unchanged at today's meeting, and President Draghi had a hawkish tone during the Q&A session as he said the Governing Council discussed whether to remove the 'lower levels' from the forward guidance on policy rates, notes Danske Bank Markets.
"In our view, a next step from the ECB when moving in a less dovish monetary policy direction is to remove the 'lower levels' from the forward guidance. However, according to Draghi this is a very small step and in our view it also does not mean the ECB will hike policy rates in the near future," Danske argues.
"We expect the ECB to continue to communicate that policy rates will remain at present levels for an extended period of time, and well past the horizon of the QE purchases. Hence, it should not start to communicate that policy rates could be hiked before the QE purchases have stopped running," Danske projects".
Source: Danske Bank Research, efxnews.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
