FXStreet (Edinburgh) – Currency Strategist Lee Hardman at BTMU noted that the ECB has once again committed to fulfil its QE programme until September 2016.
Key Quotes
“The ECB’s assessment of the euro-zone economy and inflation was described as broadly in line with expectations”.
“The recent adjustment higher in euro-zone rates and uncertainty related to Greece have not changed their assessment of a broadening of the euro area’s economic recovery and a gradual increase in inflation rates over the coming years”.
“The ECB remains committed to firmly carry out QE until the end of September of next year. The continuation of aggressive ECB easing is likely to remain a weight on the euro in the year ahead”.
(Market News Provided by FXstreet)