Latest client note from Union Bank of Switzerland courtesy of efxnews.com. Sign up for the free trial
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Says UBS:
Our Euro area economics research team expects the ECB to deliver a
10bps deposit rate cut to -30bps. In addition, we believe the dovish
guidance President Draghi gave to markets implies that the ECB is likely
to take the opportunity to extend the QE programme by 3-6 months, thus
giving the markets early clarity about the longer-term policy outlook.