Credit: Draghi didn't offer hints on changing QE parameters
The introductory statement from the ECB noted that they are evaluating options to find more bond to buy but didn't give any hints about how that might work. Instead, they have tasked committees with evaluating options.
The main takeaway was him saying the ECB must preserve a very substantial amount of monetary support, which is reiterating that bond buys are necessary.
The market was looking for something firmer regarding extending bond buys beyond March but, reading between the lines, the market should remain confident that it's coming.
Finally, he spent some time berating and pleading with governments to do more fiscally and in terms of structural reforms.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
