5 Dec 2013
Flash: ECB in wait and see mode - TDS
FXstreet.com (London) - Strategists at TD Securities said the ECB ends the Year on a Quiet Note.
Key Quotes:
"No more surprises at this month’s meeting, with refi rate and deposit rate left on hold".
"In fact, no surprises anywhere with the prepared statement nearly identical to that of November, the staff forecasts largely in line with what we had been looking for, and the press conference a bit of a snoozer".
"ECB is in wait and see mode now, with its traditional policy tools largely exhausted, and it turns its focus now to structural reforms".
Key Quotes:
"No more surprises at this month’s meeting, with refi rate and deposit rate left on hold".
"In fact, no surprises anywhere with the prepared statement nearly identical to that of November, the staff forecasts largely in line with what we had been looking for, and the press conference a bit of a snoozer".
"ECB is in wait and see mode now, with its traditional policy tools largely exhausted, and it turns its focus now to structural reforms".