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4 Mar 2015
ECB: Delicate technical details - ING
FXStreet (Guatemala) - Carsten Brzeski, chief economist at ING Bank noted that there are delicate technical details to focus upon in respect of the ECB.
Key Quotes:
"For the first time, ECB staff will present inflation forecasts for 2017. It is obvious that these long-term inflation forecasts will increasingly gain importance in assessing the future path of the ECB’s monetary policy."
"In this regard, it will be interesting to see whether and how the ECB models the impact of the announced QE."
"At some point, long-term inflation forecasts and the bank’s commitment to purchase €60bn assets per month until September 2016 could limit the ECB’s flexibility and put it in an uncomfortable situation."
Key Quotes:
"For the first time, ECB staff will present inflation forecasts for 2017. It is obvious that these long-term inflation forecasts will increasingly gain importance in assessing the future path of the ECB’s monetary policy."
"In this regard, it will be interesting to see whether and how the ECB models the impact of the announced QE."
"At some point, long-term inflation forecasts and the bank’s commitment to purchase €60bn assets per month until September 2016 could limit the ECB’s flexibility and put it in an uncomfortable situation."