This is a lot to do about nothing. The ECB is scheduled to end QE in March of 2017, at which point the US will likely takeover and do their own QE. We keep taking turns, don’t we?
The euro is heading lower after Draghi’s comments were interpreted as somewhat hawkish? Really? That’s a bit of a stretch. The fucking bird faced man just said the degeneracy wouldn’t end abruptly. Some view that as a suggestion he might taper. All of you need to visit psychiatrists. You’re spending far too much time listening to these maniacs.
Mario Draghi says quantitative easing is unlikely to end abruptly.
Our story: https://t.co/puAqrbEaN9
New video: pic.twitter.com/yVyAgl3xPJ— Bloomberg (@business) October 20, 2016
LATEST: Mario Draghi says euro area's economic outlook remains subject to downside risks https://t.co/puAqrbEaN9 pic.twitter.com/fLLflQc9uf
— Bloomberg (@business) October 20, 2016
LATEST: Mario Draghi says euro area's economic outlook remains subject to downside risks https://t.co/puAqrbEaN9 pic.twitter.com/fLLflQc9uf
— Bloomberg (@business) October 20, 2016
“An abrupt ending to bond purchases, I think, is unlikely,” the ECB president said in a press conference in Frankfurt on Thursday. “We remain committed to preserving a very substantial degree of monetary accommodation.”
The comments keep the central bank on track for a potential extension of its bond-buying program as predicted by economists. Draghi said the Governing Council didn’t discuss any extension or tapering of the program in this policy meeting, while noting that the publication of fresh economic forecasts in December, as well as the results of internal studies on options to avoid running into bond shortages, will help the decision then.
Earlier on Thursday, the 25-member Governing council left its main refinancing rate unchanged at zero, the deposit rate at minus 0.4 percent, and reaffirmed that asset purchases will continue to run at the pace of 80 billion euros ($88 billion) per month until March 2017 and in any case until policy makers see a sustained pick-up in inflation toward its goal of just under 2 percent.
“Information that has become available since the meeting in early September confirms a continued moderate, steady recovery, and a gradual rise in inflation in line with previous expectations,” Draghi said, adding that risks to this baseline scenario remain to the “downside.”
Stocks dumped out, euro lower, and gold nonsensically higher. See how none of that made any sense? Good. It’s called obsfucation. You’ll get twisted in a tight whirlwind and then BAM, they’ll cut your fucking heads off.
eur/gbp decoupling did not last long 🙂
wow, some unloaded some HY
dollar taking off. broke 98 and retested on 5 min.
if breakout confirmed on daily then dollar could go to 101 within a month.
euro weaker on imminent nuclear armageddon in europe.
How fucking retarded are the neocon republicans who do not condem the DNC corruption. Replicans will loose seats if DNC rigs the poles, reg, and balot.