September 10, 2020

ECB: Holding course while monitoring the EURO

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

At today’s meeting the Governing Council decided not to act, in line with expectations. The macro projections were all in all slightly revised upwards while risks remain on the downside.
ECB: Holding course while monitoring the EURO
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • At today’s meeting the Governing Council decided not to act, in line with expectations.
  • The macro projections were all in all slightly revised upwards while risks remain on the downside.
  • However, the Governing Council made clear that it will “carefully assess” the impact of the EUR appreciation on inflation.
  • Moreover, President Lagarde made clear – as already at the July meeting – that the PEPP will likely be fully implemented.
  • The ECB maintained its easing bias but unless downside risks materialize further bold ECB actions do not seem imminent in October. But we deem an extension of the PEPP at the December meeting more likely than not.

Download the full publication below

ECB: Holding course while monitoring the EURO

Also interesting

Coronavirus model
March 5, 2021
Market Commentary

COVID-19 FACTS & FIGURES

Up-Trend-Line-Graph-and-Silhouette-Oil-Pumps-at-Oil-Field-with-Sunset-Sky-Background
March 5, 2021
Focal Point

Oil: strong, but not permanent price increase

Cubes-wood-arrows-up-down-red-and-green
00:06:05
March 4, 2021
Podcast

The Spotlight ǀ Generali Investments Podcast: Reflation boon and bane