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ECB to hold off stimulus bazooka - Ahmad Mamdouh

FXStreet (Łódź) - Ahmad Mamdouh, Analyst at ICN.com suggests that Mario Draghi will not introduce new stimulus measures this month as he needs time to assess teh impact of the actions taken so far.

Key quotes

"The European Central Bank is set to hold off its stimulus bazooka this month to come back again to the 'wait and see' approach until the programs announced over the few couple of months, including the new ABS purchases starting this month, begin to show their efficacy."

"It is reasonable to claim that the rise in October’s inflation to 0.4 percent is likely to prompt policymakers to hold their fire this week."

"Most probably, the bank will remain without any new actions until the beginning of the 2015, where further cuts in interest rates seem to be fortuitous."

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