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ECB: expected to cut deposit rate and add QE - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted the forthcoming ECB and offer their expectations.

Key Quotes:

"According to rumours, the ECB has seemingly been putting all its creativity to work in trying to come up with just the right measure(s).

However, we believe that at this stage the ECB will not implement any out-of-the-box policies yet.

Instead, we see the ECB stick to what it knows, cutting the deposit rate by 15bps and increasing monthly asset purchases by EUR 30bn."

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EM's snapshot - watch RMB/SDR and ECB - TDS

Cristian Maggio, Head of Emerging Markets Strategy at TD Securities noted that emerging markets have started the week with a positive mood, although the Asia session didn’t kick off on the same note of optimism.
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