OctaFX | OctaFX Forex Broker
Open trading account

ECB: New determination – ABN Amro

Scale of the ECB new programme and willingness to raise limits show new determination, in the opinion of economists at ABN Amro.

Key quotes

“The new programme is big. It dwarfs its current asset purchases. Its new Pandemic Emergency Purchase Programme (PEPP) will total EUR 750bn, with purchases conducted until the end of 2020.”

“The ECB signalled a determination to do more if necessary. In its statement the Governing Council  signalled that ‘it is fully prepared to increase the size of its asset purchase programmes and adjust their composition, by as much as necessary and for as long as needed’.”

“We expect GDP to fall by 2.7% this year. We are assuming extra discretionary fiscal stimulus of around 1.2% GDP. That would tend to add half as much to growth. So the macro stimulus so far is around 1% GDP. Both the ECB and governments will likely need to do more.”


USD/RUB: RUB potential limited by oil market – Nordea

The RUB is being hit hard by the current global market developments and risks remain elevated, economists at Nordea apprise. USD/RUB is trading at 80.
Read more Previous

USD/JPY sits near monthly tops, bulls await a sustained move beyond 110.00 mark

The USD/JPY pair climbed to fresh monthly tops in the last hour, albeit struggled to extend the momentum beyond the key 110.00 psychological mark. The
Read more Next
Start livechat