Brazen ECB verbal intervention against Euro unwarranted and unlikely

Share on twitter
Share on whatsapp
Share on facebook
Share on linkedin
Share on email

Listen to our reports with a personalized podcasts through your Amazon Alexa or Apple devices audio translated into several languages

Markets bereft of key macro data releases and policy events in recent days will be turning their attention tomorrow to the European Central Bank’s policy meeting. The consensus forecast, which we share, is that the ECB will leave its policy rates, including its deposit rate (-0.50%), and the modalities of its PEPP and APP unchanged. However, unnamed ECB Governing Council members in the past week have alluded to the Euro’s appreciation, particularly against the Dollar, and its negative impact on Eurozone exports, economic growth and inflation. This has prompted speculation that the ECB wi
Register for FREE or log in to read the rest of this report.