Friday, 05 July, 2019
Differences Surface Over Any Fresh ECB Easing
Differences Surface Over Any Fresh ECB Easing
The European Central Bank is unlikely to make any major decisions on the option to renew its asset purchase programme before September, while divisions are opening up between this and other potential easing steps including forward guidance, the deepening of negative rates and any associated tiering of the deposit rate, Eurosystem sources have indicated to MNI.
Several sources raised the prospect of the Governing Council once again amending its forward guidance, possibly as soon as its 25 July meeting or shortly thereafter. While views differed on how the language might be tweaked and when, it was noted that ECB policymakers’ minds would be on the distinct likelihood of a Fed rate cut at the 30-31 July FOMC meeting.
——————————————————————————-
This message may contain confidential or privileged information. If you are not
the intended recipient, please advise us immediately and delete this message.
The unauthorised use, disclosure, distribution and/or copying of this e-mail or
any information it contains is prohibited.
This information is not, and should not be construed as, a recommendation,
solicitation or offer to buy or sell any securities or related financial
products. This information does not constitute investment advice, does not
constitute a personal recommendation and has been prepared without regard to
the individual financial circumstances, needs or objectives of persons who
receive it.
