FXTM Senior Research
Analyst
After pledging to do whatever it takes
to preserve the Euro back in 2012, Mario
Draghi in his final meeting as ECB President has unleashed a wave of new
stimulus measures to revive the Eurozone economy.
Smart
Nigerians are getting shares of the new Lagos by acquiring plots and hectares
of land at Ibeju Lekki through COVELAND LIMITED. What are you waiting for?
Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html
The central bank cut its deposit rate
by 10 basis points to a new record low of -0.5% while restarting its
Quantitative Easing programme by 20 billion euros, which is below market
expectations. There was also an announcement of a two-tier system and
adjustments to its targeted long-term refinancing operations (LTRO) to further
promote lending.
Although Draghi has done “whatever it
takes” before he hands the mantle over to Christine
Lagarde, it seems markets are disappointed with the ECB’s actions. Given
the concerns revolving around the health of the Eurozone economy, most were
expecting Draghi to launch a monetary policy bazooka before his departure.
Wow!!! This landed property
with a C of O @ Abraham Adesanya Roundabout, Ajah suits your taste. Your
colleagues have started buying. What are you waiting for? Click: http://www.tectono-business.com/2019/08/urban-prime-one-estate.html
However, the argument for the ECB
saving some ammunition in the monetary policy toolbox could be for when
economic conditions worsen. It is worth keeping in mind that the Eurozone is
not only dealing with developments at home, but risks in the form of Brexit and
Trump imposing tariffs on European goods. With the ECB cutting its growth
forecasts for 2019 and 2020, there is potential for further easing down the
line should global and domestic economic conditions deteriorate further.
Have
you thought about having a 5-Bedroom Apartment with Penthouse and Indoor
Swimming Pool near Pan Atlantic University?
For details, click: http://www.tectono-business.com/2019/08/have-you-thought-about-having-5-bedroom.html
The Euro collapsed like a house of
cards following the rate decision with prices crashing towards 1.0930 against
the Dollar before later recovering towards 1.1000. Further weakness may be on
the cards in the near term as investors digest the ECB’s action and prospects
of further easing in the future.
No comments:
Post a Comment