15 Apr 2015
BNPP: Draghi to stress that ECB intends to fully deliver on QE – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares BNP Paribas’ view for today’s ECB policy meeting, with the bank expecting Draghi to confirm that there has been no shift to the QE parameters.
Key Quotes
“market sensitivity to ECB meetings will remain low in H1 as there is no scope for new policy announcements and we expect Wednesday ECB meeting to be no exception. The ECB should be happy with the impact of QE so far, implying a more upbeat assessment of the economic outlook at the press-conference and consistent with the March improvement in staff macroeconomic forecasts. That said, we suspect President Draghi is well aware of the importance of expectations for QE and, echoing the minutes from the March meeting, will be keen to stress that the ECB intends to fully deliver on the previously announced policy measures as growth risks remain to the downside.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“market sensitivity to ECB meetings will remain low in H1 as there is no scope for new policy announcements and we expect Wednesday ECB meeting to be no exception. The ECB should be happy with the impact of QE so far, implying a more upbeat assessment of the economic outlook at the press-conference and consistent with the March improvement in staff macroeconomic forecasts. That said, we suspect President Draghi is well aware of the importance of expectations for QE and, echoing the minutes from the March meeting, will be keen to stress that the ECB intends to fully deliver on the previously announced policy measures as growth risks remain to the downside.”
This content has been provided under specific arrangement with eFXnews.