HALISTER1: ECB to Extend QE; Fiscal Spending Call to Fall on Deaf Ears: ABN

ECB to Extend QE; Fiscal Spending Call to Fall on Deaf Ears: ABN

(Bloomberg) -- Draghi’s call for actions by national governments to support economic growth will probably not gain traction, with ECB likely to extend QE program, ABN Amro head of macro research Nick Kounis writes in a client note.
  • Without government action, euro zone risks being stuck with low growth and low interest rates
  • ECB wants to see structural reforms as well as fiscal stimulus
  • Draghi made clear in testimony yesterday that QE “exit strategies” were not being discussed
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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2539Z GR (European Central Bank)

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Nick Kounis (ABN AMRO Group NV)

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