Friday, June 3, 2016

ECB – My Top 8 Takeaways

ECB – My Top 8 Takeaways

ECB – My Top 8 Takeaways

Posted: 02 Jun 2016 06:08 AM PDT

Here are my Main Takeaways from the June ECB Announcement and Mario Draghi’s Press Conference – will update if needed.

Top Takeaways from ECB

  1. ECB Hikes 2016 GDP and Inflation Forecasts
  2. More Stimulus on the way – Corporate Bond Purchases Begin June 8, TLTRO Begins June 22
  3. ECB Expects Extra Impetus from Stimulus Yet to Hit
  4. Low Oil Prices are Helping but Q2 Growth May be Slower than Q1
  5. Not Seeing Significant Wage Pressures of Second Round Inflation Effects
  6. ECB Still in Wait and See Mode – Needs to See Full Impact of Stimulus, Maintains Dovish Bias
  7. BUT If Financial Conditions Tighten Significantly, they Stand Ready to Act
  8. Global Economy and Brexit Main Risks for EZ
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