ECB—Surprisingly Dovish on Several Counts

PGIM Fixed Income

March 2019

Jürgen Odenius, PhD, PGIM Fixed Income Economic Counsellor

The central bank surprised the market with a package that is designed to impress and stamp out skepticism that the ECB may be out of ammunition with policy rates already in much-criticized negative territory and having just stopped its bond purchases at year end.
 

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