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Trading news
16 Apr 2015
ECB’s QE tapering ruled out – Danske Bank
FXStreet (Edinburgh) - In light of yesterday’s ECB meeting, Senior Analyst Signe Roed-Frederiksen, expects the central bank to refrain from tapering its QE programme, at least in the near term.
Key Quotes
“Yesterday’s ECB meeting showed a dovish ECB president Draghi where the most important message was ‘the QE programme must be fully implemented to work’, which pushed market speculations of an early halt to QE back”.
“Added to this, Draghi ended the debate about cutting the deposit rate further, as he twice during the Q&A session clearly said that the ECB will not cut the deposit rate”.
“This caused a rally in Euro government yields with German 10-30 year yields reaching new lows and support to the periphery”.
Key Quotes
“Yesterday’s ECB meeting showed a dovish ECB president Draghi where the most important message was ‘the QE programme must be fully implemented to work’, which pushed market speculations of an early halt to QE back”.
“Added to this, Draghi ended the debate about cutting the deposit rate further, as he twice during the Q&A session clearly said that the ECB will not cut the deposit rate”.
“This caused a rally in Euro government yields with German 10-30 year yields reaching new lows and support to the periphery”.