ECB: Press conference is an opportunity to inject confidence into the economy – Deutsche Bank
Analysts at Deutsche Bank, suggest that following an underwhelming message last month, they see the ECB press conference as an opportunity to inject confidence into the economy and the monetary policy process.
Key Quotes
“They see there being two steps necessary to correcting. The first is for the ECB to talk up the economy and the second is clarification around the reaction function and talking up policy.”
“From the perspective of managing risk, TLTRO3 is not sufficient in our colleague’s view and they now expecting tiering as part of their baseline in the coming months, however it’s unlikely that any new policy will be announced today with June more likely.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
