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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.

Geographies

Authors

Sonsoles Castillo BBVA Research - Chief Economist for Financial and Economic Analysis
Agustín García BBVA Research - Principal Economist
Miguel Jiménez BBVA Research - Lead Economist
María Martínez BBVA Research - Principal Economist

Documents and files


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Report (PDF)

ECB_Watch_0319

English - March 7, 2019

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