Free Trial

Frederik Ducrozet of Pictet Wealth.........>

ECB VIEW
ECB VIEW: Frederik Ducrozet of Pictet Wealth Management says that their base
case for the ECB remains for QE to end in Dec 2018 and the first rate hike to be
in September 2019, with decision on QE and forward guidance announced at July
meeting.
- Ducrozet highlights that downside risks have risen though and "if they were to
materialize, we would expect the ECB to announce a 6-month QE extension at
E15bln per month.
- They see German 10-yr Bund yield rising to 0.90% in their base case scenario,
however, "this would be revised to 0.50%" if QE extended by 6-months 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.