3 Dec 2015
All about the ECB today – Danske Bank
FXStreet (Delhi) – Research Team at Danske Bank, suggests that today is all about the ECB with makets expecting surprises from the Draghi.
Key Quotes
“We expect Draghi to deliver a new 'menu' of aggressive monetary easing consisting of: a 20bp deposit rate cut accompanied by a two-tier deposit rate system, stronger forward guidance plus an QE extension to December 2016 and an expansion of the monthly purchases to EUR75bn.”
“Fixed income markets are aggressively priced ahead of the meeting with at least some 15bp rate cut pencilled in for today. Importantly, we expect the December package to be the end of the easing cycle as we look for a strong euro-area recovery in 2016. The rate announcement will be at 13:45 CET and Draghi's press conference will start at 14:30 CET.”
Key Quotes
“We expect Draghi to deliver a new 'menu' of aggressive monetary easing consisting of: a 20bp deposit rate cut accompanied by a two-tier deposit rate system, stronger forward guidance plus an QE extension to December 2016 and an expansion of the monthly purchases to EUR75bn.”
“Fixed income markets are aggressively priced ahead of the meeting with at least some 15bp rate cut pencilled in for today. Importantly, we expect the December package to be the end of the easing cycle as we look for a strong euro-area recovery in 2016. The rate announcement will be at 13:45 CET and Draghi's press conference will start at 14:30 CET.”