ECB on “wait-and-see” mode - Lloyds

According to analysts from Lloyds Bank, European Central Bank (ECB) president, Mario Draghi sounded upbeat on the economic outlook and they characterized current policy stance as “wait-and-see mode”.

Key Quotes:

“ECB President Draghi sounded somewhat more upbeat on the economic outlook and stated in particular that ECB measures are making a difference. He also noted, however, that the balance of risks were still skewed to the downside, but suggested they were less skewed than previously.”

“As expected, the emphasis at this ECB policy meeting was on the implementation of previously announced measures. For now the Governing Council is in wait-and-see mode as they await evidence on the impact of their actions.”

“ECB President Draghi stated as before that the asset purchase programme could run beyond its projected end date of March 2017 but there were no hints at this stage of possible further policy measures.”