Published on Monday, December 7, 2015 | Updated on Monday, December 7, 2015
ECB: there was no reason to go further
Summary
This time Draghi disappointed, judging by the immediate reaction from the market, as the stock market fell, bond yields flipped up and the euro surged stronger. Yesterday the ECB cut its deposit rate by 10 basis points and extended the bond purchase programme for a further six months.
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- Europe
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- Central Banks
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- ECB
- stock exchange
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Authors
SC
Sonsoles Castillo
BBVA Research - Chief Economist for Financial and Economic Analysis