OctaFX | OctaFX Forex Broker
Open trading account

Eurozone national central bankers dissatisfied with Draghi's direction

FXStreet (Łódź) - According to Reuters ECB's monetary policy meeting on Thursday might be more stormy that initially expected as the members of the Governing Council are to rebel against president Mario Draghi's leadership style and his approach to QE.

ECB sources told Reuters that the Eurozone National central bankers were displeased with Draghi's secretiveness and inconsistent communication. They were specifically put off by his recent announcement of the target for the balance sheet expansion, which has earlier been agreed not to be revealed.

The conflict between the Governing Council members and Mario Draghi could limit ECB's capacity for firm policy action in the difficult months ahead. Meanwhile, the euro received a boost on the news, hitting a high of 1.2577 before easing again.

France Markit Services PMI came in at 48.3, above expectations (48.1) in October

Read more Previous

Germany Markit Services PMI below expectations (54.8) in October: Actual (54.4)

Read more Next
Start livechat