发帖
雷达卡
After ECB President Draghi asserted that the Governing Council was "unanimous" in its commitment to using "unconventional measures" – including QE – if the risks of prolonged low inflation increased, other ECB Governing Council members, notably Coeuré, have discussed the possible form such measures could take.
This chatter appears to have had some effect. In particular, the upward rise in the euro – which we see as supported by fundamentals such as tight monetary policy and a high current account surplus – has stalled.
But action will prove harder to deliver than words, we think. Any policy action, let alone substantial easing, likely requires the catalyst of a meaningful downgrade of the ECB's 2016 inflation forecast in June or a tightening in monetary or financial conditions. Those conditions have not been met, in our view.
CS-ECB 20140425.pdf
(601.24 KB, 需要: 2 个论坛币)
我发过的其他帖子：
IMF: 新常态下的货币政策 (Monetary Policy in the New Normal)
IMF 欧元区：通货紧缩or低通胀？
IMF: 财政监测报告（英文版100页） 2014Q1
IMF: 全球金融稳定报告（英文版184页） 2014Q1
瑞信 全球股票策略：动量反转（reversal in momentum）预示着什么？
瑞信 Commodity Advantage: Spring Stability, No Bounce
瑞信: 页岩革命（The Shale Revolution I & II，英文版，共343页 免费）
瑞信 全球经济季刊 2014.3 - Speeding up to AverageCredit Suisse (瑞信) 中国宏观策略 - 2014.3
BIS 亚太地区的贸易与通胀全球化
BIS 新兴市场国家的外汇干预和银行资产负债表
提升卡
置顶卡
沉默卡
变色卡
抢沙发
千斤顶
显身卡
京公网安备 11010802022788号
