ECB: Expect that APP will be in place into 2021 - Rabobank
|According to analysts at Rabobank, the ECB appears to be satisfied with the current path of inflation, and since data have improved somewhat in recent weeks, this should support their confidence that Eurozone growth is stabilizing.
Key quotes
We don’t expect changes to the guidance that “the Council expects interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.”
"We calculate that the ECB will face a shortage of supply towards the end this year."
"Based on our global outlook we see the Eurozone economy slow down further this year, ultimately forcing the ECB to pile on more stimulus. We now expect the next move in June."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.