- Analytics
- News and Tools
- Market News
- ECB: New determination – ABN Amro
ECB: New determination – ABN Amro
FXStreet reports that in the opinion of economists at ABN Amro, scale of the ECB new programme and willingness to raise limits show new determination.
“The new programme is big. It dwarfs its current asset purchases. Its new Pandemic Emergency Purchase Programme (PEPP) will total EUR 750bn, with purchases conducted until the end of 2020.”
“The ECB signalled a determination to do more if necessary. In its statement the Governing Council signalled that ‘it is fully prepared to increase the size of its asset purchase programmes and adjust their composition, by as much as necessary and for as long as needed’.”
“We expect GDP to fall by 2.7% this year. We are assuming extra discretionary fiscal stimulus of around 1.2% GDP. That would tend to add half as much to growth. So the macro stimulus so far is around 1% GDP. Both the ECB and governments will likely need to do more.”
© 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
