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19 May 2015
ECB may front-load QE before summer – ECB’s Coeure
FXStreet (Mumbai) - The European Central Bank board member Benoit Coeure’s speech text released by the ECB shows the bank may front-load QE program in May, June for seasonal reasons. It means the bank may “accelerate” purchases above its monthly target of EUR 60 billion.
Coeure also said the deposit rate, currently at -0.20%, theoretically could fall further into the negative territory. He also stated that short-term does not pose a policy problem.
On bond markets
The policymaker is of the view that the rapidity of bond market reversal is worrying, and the recent rout in the global bond market is an indication of reduced liquidity.
Coeure also said the deposit rate, currently at -0.20%, theoretically could fall further into the negative territory. He also stated that short-term does not pose a policy problem.
On bond markets
The policymaker is of the view that the rapidity of bond market reversal is worrying, and the recent rout in the global bond market is an indication of reduced liquidity.