Loading ...Markets Disappointed After ECB Concludes “Short On Detail” Emergency Meeting
“I see today’s statement as the bare minimum of what could be expected, but also the most realistic outcome,”
“The meeting, which comes less than a week after the rate-setting governing council’s last vote, raised investor expectations that the central bank is preparing to announce a policy instrument to stave-off another debt crisis in the region, which can only come in the form of more QE… which is ironic at a time when the ECB just announced it was phasing out all QE!”