FW: [Maybank] ECB - Not Hawkish; Just Less Dovish

 

 

, GBL: ECB - Not Hawkish; Just Less Dovish Global Markets Daily by Saktiandi Supaat FX Research ECB's minutes suggested forward guidance on monetary policy could be revisited earlier than expected if required, boosting expectations that policymakers are preparing to reduce their vast monetary stimulus. The minutes confirmed that Jan 2018 Asset Purchases Programme (APP) would be lowered to EUR30bn (from EUR60bn in 2017) until end Sep 2018, with possibility for adjustments if financial conditions became inconsistent. Summary of ECB's minutes were read by the market as a hawkish ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg Disclaimer This email and its attachment(s) are confidential and are intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Maybank Kim Eng or any of its affiliates. Intended recipients of this email are prohibited from disseminating, forwarding, printing and/or copying its contents. If you are not the intended recipient of this email, you are strictly prohibited to take any action based upon them, which also includes dissemination, forwarding, printing and copying of its contents. Maybank Kim Eng Research sent this e-mail to you because your Notification Preferences indicate that you want to receive information about our daily research reports. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please contact your representative HERE.