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22 Jan 2015
Evolution of inflation - BNP
FXStreet (Guatemala) - Analysts at BNP Paribas explained that today, the ECB joined the QEing central bank club The Bank announced a monthly purchases of EUR 60bn of private and public securities.
"In addition the ECB cut by 10bp the interest rate on the upcoming remaining TLTROs."
"While in terms of size and commitment, the ECB probably did more than markets had expected, the very limited risk pooling was rather disappointing."
"Evolution of inflation expectations, interest rates and exchange rates will be pivotal to assess whether the program is producing the desired effects."
"In addition the ECB cut by 10bp the interest rate on the upcoming remaining TLTROs."
"While in terms of size and commitment, the ECB probably did more than markets had expected, the very limited risk pooling was rather disappointing."
"Evolution of inflation expectations, interest rates and exchange rates will be pivotal to assess whether the program is producing the desired effects."