4 Mar 2015
Don't expect lots of new insights - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained that their preview of the 22 Jan ECB rate setting meeting argued that whilst the ECB was seen to make a pre-announcement on QE that meeting, they expected it to hold off on the details of the program (and the purchases itself) until (after) the next meeting.
Key Quotes:
"As it turned out, the ECB put all its cards on the table on the 22nd, releasing a detailed press communiqué including a technical annex, whilst it said it would commence buying assets in March 2015."
"With the press statement, technical annex, press conference and recently released “monetary policy accounts” of the 22 Jan meeting, the ECB has already released a lot of details, especially with regard to the thinking behind its decision to launch QE. Against that backdrop, the ECB meeting and following press conference onThursday March 5, which is taking place in Cyprus, is unlikely to bring a lot of new insights."
Key Quotes:
"As it turned out, the ECB put all its cards on the table on the 22nd, releasing a detailed press communiqué including a technical annex, whilst it said it would commence buying assets in March 2015."
"With the press statement, technical annex, press conference and recently released “monetary policy accounts” of the 22 Jan meeting, the ECB has already released a lot of details, especially with regard to the thinking behind its decision to launch QE. Against that backdrop, the ECB meeting and following press conference onThursday March 5, which is taking place in Cyprus, is unlikely to bring a lot of new insights."