According to Rabobank analysts, Mario Draghi’s final meeting as President of the ECB today should be a relatively uneventful policy-wise. Key Quotes “A comprehensive policy package was announced only last month and this has yet to be implemented fully (recall that both net asset purchases and the tiered remuneration of excess reserves will only start at the end of this month).” “Nonetheless, President Draghi’s farewell may not be the party he was hoping for. The ECB’s latest policy decision caused quite some division in the Council. Moreover, the ECB President is waving goodbye against an economic backdrop that is not as bright as he would have liked to see it as he leaves office.” “If the incoming data remain weak, incoming President Lagarde may have to step in Draghi’s footsteps and lower the ECB’s deposit rate again at her first policy meeting in December. But we do note that division in the Council has increased the likelihood that the next cut will be delayed into 2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD rebounds from 3-month lows, still below 1.3100 handle FX Street 3 years According to Rabobank analysts, Mario Draghi's final meeting as President of the ECB today should be a relatively uneventful policy-wise. Key Quotes "A comprehensive policy package was announced only last month and this has yet to be implemented fully (recall that both net asset purchases and the tiered remuneration of excess reserves will only start at the end of this month)." "Nonetheless, President Draghi's farewell may not be the party he was hoping for. The ECB's latest policy decision caused quite some division in the Council. Moreover, the ECB President is waving goodbye against an economic backdrop that is not… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
