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    Published on Thursday, March 7, 2019

    ECB | Draghi reacts in all fronts

    Summary

    The ECB strengthened its forward guidance on rates, with no rate hikes at least through the end of 2019. They also launched a new series of TLTROs. The central bank made a significant downward growth revision in 2019, but minor changes in the medium term. Despite the revision, risks remain tilted to the downside.

    Geographies

    Authors

    Sonsoles Castillo BBVA Research - Chief Economist for Financial and Economic Analysis
    Agustín García BBVA Research - Lead Economist
    Miguel Jiménez BBVA Research - Lead Economist
    María Martínez BBVA Research - Principal Economist

    Documents and files


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    Report (PDF)

    ECB_Watch_0319

    English - March 7, 2019

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