mercredi 15 avril 2015
5 Takeaways From the ECB’s April Presser
Posted on 08:16 by nice news
1. QE Exit Discussions Are Extremely Premature.
The ECB’s program of quantitative easing was launched as recently as March 9, but questions are already being asked about its likely duration. “I’m quite surprised by the by the attention a possible exit from the program receives when we’ve only been in the program for a month,” Mr. Draghi told reporters, and insisted that it remains the governing council’s intention to but more than €1 trillion ($1.1 trillion) in mostly government bonds through September 2016. 2. There's No Shortage of Bonds
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The ECB has to buy €60 billion of bonds a month, distributed around each of the currency area’s 19 members and carrying a yield no lower than the deposit rate, which stands at minus 0.20%. Moody’s Investors Service Tuesday warned the ECB could run out of eligible bonds from some governments around the turn of the year, and it’s not alone. “These worries are premature, certainly not supported by the current evidence,” Mr. Draghi said, adding the program could be adjusted if needed, but ruling out a cut in the deposit rate.
The ECB’s program of quantitative easing was launched as recently as March 9, but questions are already being asked about its likely duration. “I’m quite surprised by the by the attention a possible exit from the program receives when we’ve only been in the program for a month,” Mr. Draghi told reporters, and insisted that it remains the governing council’s intention to but more than €1 trillion ($1.1 trillion) in mostly government bonds through September 2016. 2. There's No Shortage of Bonds
Share on Twitter
The ECB has to buy €60 billion of bonds a month, distributed around each of the currency area’s 19 members and carrying a yield no lower than the deposit rate, which stands at minus 0.20%. Moody’s Investors Service Tuesday warned the ECB could run out of eligible bonds from some governments around the turn of the year, and it’s not alone. “These worries are premature, certainly not supported by the current evidence,” Mr. Draghi said, adding the program could be adjusted if needed, but ruling out a cut in the deposit rate.
5 Takeaways From the ECB’s April Presser
Categories: 5 Takeaways From the ECB’s April Presser
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