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Eurozone: Outlook worsens, the ECB ready to do more - BNP

FXStreet (Guatemala) - Analysts at BNP Paribas explained and noted that activity in the eurozone remains subdued.

Key Quotes:

“Available data suggest that GDP growth was almost flat in Q3. We do not expect a significant acceleration of recovery before the second half of next year”.

“The recent fall in oil prices is adding downward pressures on actual inflation. Inflation expectations are also trending down”.

“The fall in medium-to-longer term inflation expectations might suggest that markets are questioning the credibility of the ECB in meeting its inflation target”.

“The ECB has launched several programmes aiming at easing funding conditions for banks and eventually stimulating growth and lifting inflation. Yet, for different reasons (size of the markets, time lag, lack of credit demand for credit) those measures have not produced a sizable effect on the economy”.

“The extremely dovish tone adopted by the ECB in November, suggests it is seriously thinking of adopting further measures”.

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