1. Newsroom
  2. What is the ECB’s strategy?
Menu
Analisi 29.01.2018

What is the ECB’s strategy?

What is the ECB’s strategy?

Focus on the ECB’s monetary policy: still accommodative, but for how long?


  • In the eurozone, momentum remains positive and the growth scenario has been regularly revised up. 2.1% is expected for 2018.
  • Inflation is still below target (1.3% y/y vs 2%), recent EUR strengthening has postponed any rebound in inflation.
  • The ECB has already reduced its government bond and credit purchases from EUR 60 bn to EUR 30 bn; these amounts should stay unchanged until September 2018.
  • Several ECB governors have recently changed their minds and adopted a less dovish view on QE and interest rate management.
  • Despite inflation remaining low, the ECB should shift to less dovish communication in Q2 as strong growth continues.
  • The ECB is increasingly likely to end its QE next September.
  • A first rate hike, expected around Q2-2019, will be the first step in its exit strategy.

graph-eurozone.jpg


Fundi

Sustainable Emerging Markets Fixed Income

Scoprite la nostra gamma di prodotti

La gamma di prodotti UBP
Newsletter

Sign up to receive UBP’s latest news & investment insights directly in your inbox

Click and enter your email address to subscribe

Investimenti responsabili

Creare valore con investimenti responsabili

Maggiori informazioni sugli investimenti responsabili

Guardate il video

Le news più lette

Analisi 17.04.2018

Creare valore con investimenti responsabili

UBP prosegue la strada intrapresa per attuare standard potenziati di investimenti socialmente responsabili

Analisi 16.04.2018

Obbligazioni societarie sostenibili dei mercati emergenti

Una nuova classe di asset per investitori responsabili
Analisi 03.04.2018

Private debt: financing LBOs alongside private equity

The private debt market has developed as part of the broad banking disintermediation movement that accelerated sharply after the 2008 financial crisis.

Altro da leggere

Analisi 17.04.2018

Creare valore con investimenti responsabili

UBP prosegue la strada intrapresa per attuare standard potenziati di investimenti socialmente responsabili

Analisi 16.04.2018

Obbligazioni societarie sostenibili dei mercati emergenti

Una nuova classe di asset per investitori responsabili
Analisi 03.04.2018

Private debt: financing LBOs alongside private equity

The private debt market has developed as part of the broad banking disintermediation movement that accelerated sharply after the 2008 financial crisis.