“It looks too early for the ECB to take a final decision and we expect no sovereign QE announcement at the 4 December meeting-”
A loosening of TLTRO conditions would suggest that the ECB’s strategy remains mostly focused on credit easing-
“ECB Executive Board member has said this weekend that she saw little room for further easing of monetary policy despite a further fall in Eurozone inflation” $EUR/USD capitulation will need to be USD-led
- Mario Draghi, president of the European Central Bank, seems to be in no hurry to implement a policy of quantitative easing. He doesn’t seem to have much optimism that it will work.
- Mr. Draghi is more set in urging other members of the eurozone to create a fiscal union, stating that it would do more to combat fears of monetary union breaking up
Germany, the largest economy in the eurozone, only has an…
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