15 Apr 2014
Time for some ECB action? - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, sees the need for ECB action regarding inflation in the euro area and the EUR current levels.
Key Quotes
"The euro has weakened only modestly following further ECB comments which displayed concern over the strength of the euro, and signalled the increasing likelihood that they will ease monetary policy further including utilising unconventional measures such as some form of QE".
"The limited euro reaction again highlights that ECB rhetoric is having only a limited impact upon the euro, and it is now the time for policy action from the ECB if it is serious about lifting inflation and lowering the euro ahead."
Key Quotes
"The euro has weakened only modestly following further ECB comments which displayed concern over the strength of the euro, and signalled the increasing likelihood that they will ease monetary policy further including utilising unconventional measures such as some form of QE".
"The limited euro reaction again highlights that ECB rhetoric is having only a limited impact upon the euro, and it is now the time for policy action from the ECB if it is serious about lifting inflation and lowering the euro ahead."