Report
ECB meeting: no sense of urgency
As widely expected, the ECB left policy rates and the envelope of its purchase program unchanged at today’s policy meeting. The overall tone of the press conference was rather balanced, and in any case less dovish than we had expected. Neither the drop in core inflation in August nor latest FX developments seem to have cause d much unease in the Governing Council. There was consequently no hint at additional policy easing at the upcoming meeting .
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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