ECB: More dovishness in several fronts
Published on Thursday, June 6, 2019
ECB: More dovishness in several fronts
Summary
The ECB strengthened its forward guidance on rates, with no rate hikes at least through the first half of 2020 in response to the increase and persistence of global uncertainty. The ECB opens the possibility to further easing if needed.
Key points
- Key points:
- The final conditions of TLTRO-III were quite favourable.
- Slightly downward revision on growth due to more protracted uncertainty.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Central Banks
- Macroeconomic Analysis
Tags
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