FXStreet (Edinburgh) – Analysts at BBH believe the current QE programme by the ECB could be intensified if conditions deteriorate further.
Key Quotes
“Draghi has, as expected, emphasized that its asset purchases can be adjusted in terms of size and duration as needed”.
“He noted that downsides risks have increased. Combining the two points, one is left with the conclusion that further deterioration of conditions or an increase in risks would prompt a policy response”.
“It is part of the process that we suggest will help forge a consensus. It is revealing that despite the decline in the euro over the past year, Draghi claimed that weaker external demand is weighing on growth”.
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