October 24, 2019

Draghi says farewell and reiterates his call for more fiscal action

Draghi says farewell and reiterates his call for more fiscal action

Market Commentary
24/10/2019

Highlights:

At today’s meeting, the Governing Council unanimously decided to not change its policy stance while continuing to see risks on the downside and maintaining a dovish bias.
Concerns about QE restrictions becoming binding in the new QE program were downplayed but no details about the composition were provided.
In his farewell press conference President Draghi reiterated his call for stronger fiscal action and talked down the rift within the Governing Council.
Looking ahead, we expect the ECB to stay on hold for the time being.

Download the full publication below

DRAGHI SAYS FAREWELL AND REITERATES HIS
CALL FOR MORE FISCAL
ACTION

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