Draghi Rat Trap Works Again Euro Reverses Sharply Lower on Inflation

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  • 08 Mar '18 at 6:13 pm #15448
    KnovaWave
    Participant

    ECB President Draghi caught a hawkish looking Euro…

    [article]622[/article]

    11 Mar '18 at 4:42 am #15497
    TradersCom
    Keymaster

    He does do a great job of setting up the algos and those tryin g to push against his wishes

    12 Mar '18 at 11:43 pm #15515
    Truman
    Participant

    More ECB – from Benoît Cœuré of France

    Growth is strong, well distributed, and inclusive, for the first time in a very long time
    ECB models show that current growth of about 2.5% but of that is 0.5% dependent on ECB

    We are not quite where we would like to be from the point of view of inflation

    Confidence is growing but we can not yet claim victory
    ECB has never discussed a rate increase in mid-2019

    16 Mar '18 at 6:29 pm #15582
    Helmholtz Watson
    Participant

    ECB’s Praet maintains the dovish line from ECB Watchers conference earlier this week,

    Praet speaking to Reuters saidt ‘inflation may be on a shallower path because of slack’. Praet though does not seem to have an issue with the market pricing a first hike in Q2 2019 and the end of zero rates by end-19.

    QE should continue until December 2018 and then the question is whether the first 20bp hike will be in March (hawks) or June (doves). At the moment it looks like the doves have more leverage.

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