Free Trial

Pictet's Frederik Ducrozet notes on........>

ECB VIEW
ECB VIEW: Pictet's Frederik Ducrozet notes on Twitter: "Important if only subtle
change to the wording about PEPP expansion in relation to the ECB's *symmetric*
inflation target. Not new - Draghi repeated this several times - but first time
this comes up explicitly in the press release."
- Refers to this part of the text: "The Governing Council is fully prepared to
increase the size of the PEPP and adjust its composition, by as much as
necessary and for as long as needed. In any case, it stands ready to adjust all
of its instruments, as appropriate, to ensure that inflation moves towards its
aim in a sustained manner, in line with its commitment to symmetry."

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.