Published on Thursday, March 7, 2019
ECB | Draghi reacts in all fronts
Summary
The ECB strengthened its forward guidance on rates, with no rate hikes at least through the end of 2019. They also launched a new series of TLTROs. The central bank made a significant downward growth revision in 2019, but minor changes in the medium term. Despite the revision, risks remain tilted to the downside.
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- Geography Tags
- Europe
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- Topic Tags
- Central Banks
- Macroeconomic Analysis
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Authors
SC
Sonsoles Castillo
BBVA Research - Chief Economist for Financial and Economic Analysis
AG
Agustín García
BBVA Research - Principal Economist
MJ
Miguel Jiménez
BBVA Research - Lead Economist
MM
María Martínez
BBVA Research - Principal Economist