Carsten Brzeski, analyst at ING, explained that all eyes are once again on Mario Draghi, hoping he can perform his magic and get a white rabbit out of his hat.
Key Quotes:
“Slowly but surely, the ECB has reached the point at which additional action could potentially do more harm than good. However, for the time being the ECB considers inactivity the worst of all options and will, in our view, present a mix of smaller, but above-consensus, measures. We see it as a rather a parlour trick than a white rabbit.”
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