Report
Bruno Cavalier

ECB: no good reason to tighten monetary policy

With the Pandemic Emergency Purchase Programme (PEPP) in March 2020, the ECB avoided the financial fragmentation of the eurozone and greatly contributed to stabilising the real economy. This initial success has become an embarrassment for the ECB's communication and how the institution conducts its monetary policy. First, the PEPP is the new fixation of the "hawks". Second, as the name suggests, the PEPP is linked to the pandemic, but on what criteria will the ECB decide that the...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Bruno Cavalier

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