ECB says it’s difficult to make expectations about future money market rates

Posted by Financial Juice

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  • transition to more normal liquidity levels makes expectations about future money market rates more complex to interpret
  • such a transition could imply short-term rates become less anchored to ECB deposit rate


ECB monthly bulletin just released

The report as usual reiterates the ECB governing council statement from the decision day last week

 The governing council strongly emphasizes that it will maintain an accommodative stance of monetary policy for as long as necessary

Accordingly the governing council firmly reiterates the forward guidance that it continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time

Nothing new in the headlines. Full report here . All 218 pages of it..

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