EUR: ECB Marginally Less Accommodative – Barclays

Barclays Capital Research comments on today’s ECB policy decision noticing that the central bank made a (largely-­expected) change to its forward guidance to make it marginally less accommodative.

“We deem this consistent with the improving growth outlook and its revised assessment of risks, which were upgraded from “downward” to broadly “balanced”. Nonetheless, the inflation outlook remains weak and was slightly downgraded on the back of weaker oil prices.

Overall, we retain our view that the ECB will maintain QE and the negative depo rate in 2018 but with less QE and a less negative depo rate,” Barclays argues.

Source: Barclays Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews

from Online Forex Trading Resource
View thesource article here


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s