3 Oct 2014
Draghi’s disappointed this week - Rabobank
FXStreet (Barcelona) - Analysts at Rabobank explained that Draghi’s accompanying press conference was somewhat of a disappointment, as a lot of details were left out.
Key Quotes:
“Most importantly, Draghi did not say a word about risks to the inflation (what happened to “broadly balanced”?).”
“…nor did he give any specific details on the size of the purchase programmes – while also taking a step back from his previous comments about a EUR 1tn balance sheet expansion, by stating that this is not a target for the central bank”.
“As our eurozone strategist, Elwin de Groot, concludes:“further measures are definitely not off the table, but the ECB does not seem able or willing to keep pace with the markets”.
Key Quotes:
“Most importantly, Draghi did not say a word about risks to the inflation (what happened to “broadly balanced”?).”
“…nor did he give any specific details on the size of the purchase programmes – while also taking a step back from his previous comments about a EUR 1tn balance sheet expansion, by stating that this is not a target for the central bank”.
“As our eurozone strategist, Elwin de Groot, concludes:“further measures are definitely not off the table, but the ECB does not seem able or willing to keep pace with the markets”.