交易新闻
16 Apr 2015
ECB programme proceeding smoothly - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the events of the ECB overnight and explained that the ECB President strongly dismissed talk that its Public Sector Purchase Program is already causing scarcity problems in the market or that the ECB’s policy is creating bubbles in financial markets.
Key Quotes:
"Indeed, he said that that he was surprised by the attention that an ‘early exit’ had received, while being in the policy for only a single month."
"He compared this with running a marathon and asking yourself whether you are going to finish only 1km into the race."
"Instead, Draghi stressed that the ECB program was proceeding smoothly and that there was no evidence that scarcity issues “might happen in the future”. However, he acknowledged that the program was flexible enough if circumstances change."
"To demonstrate that flexibility, in the wake of the press conference, the ECB released an expanded list of SSA issuers eligible for purchase on its website."
Key Quotes:
"Indeed, he said that that he was surprised by the attention that an ‘early exit’ had received, while being in the policy for only a single month."
"He compared this with running a marathon and asking yourself whether you are going to finish only 1km into the race."
"Instead, Draghi stressed that the ECB program was proceeding smoothly and that there was no evidence that scarcity issues “might happen in the future”. However, he acknowledged that the program was flexible enough if circumstances change."
"To demonstrate that flexibility, in the wake of the press conference, the ECB released an expanded list of SSA issuers eligible for purchase on its website."