9 9
Edition September 9, 2016 - Crédit Agricole S.A.
  • Size up
  • Size down
  • Share this article
  • Print this page
  • Edition September 9, 2016

    ECB: think different

    The ECB did not officially extend QE, but they clearly pointed towards a change in the modalities over the near-term ("tasked the relevant committee"); we see it as a step towards an official extension in October or in December this year, along with an easing of purchase modalities, probably a removal of the deposit rate floor.

  • Download publication - (PDF - 107.36 Ko)

  • Contents:

    - QE … because you're worth it
    - Just do it
    - Our vision, your future

  • Extract:

    Mario Draghi has found good allies in his effort to push Eurozone governments to do their homework: G20 leaders, that is to say the heads of the four major countries' governments, plus the European Commission President. With the critiques about negative rates, the consequences of a liquidity injection, and the so-called ineffectiveness of monetary policy to meet its goals, Mario Draghi will probably run out of patience in regard governments' (in)action.
    Today, the deal is clear, either governments improve the economic conditions in the Eurozone, or they will face a prolonged period of negative short term rates and a liquidity injection; the ECB will do its job, whatever it takes.

  • Associative topics : Economics | Europe


Follow the economic activity!

Sectors, regions, videos, graphics... all the economic information that you needs !

Already a subscriber ? Log in