• ECB minutes: debated smaller QE cut and shorter duration vs bigger reduction with longer duration

Noticias del mercado

5 octubre 2017

ECB minutes: debated smaller QE cut and shorter duration vs bigger reduction with longer duration

  • Discussed trade off between size and duration of QE extension

  • QE extension talk preliminary

  • Praet called for "close monitoring" of the exchange rate

  • View was put forth that intensity of accommodation could be scaled back

  • Policy should be highly accommodative under all scenarios

  • Attention should be paid to market expectations and risk of unwarranted market movements

  • Some argued that FX impact was underestimated in projections, creating downside risk

Enfoque del mercado
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