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Board members seems keen to take a steer on medium-term expectations from market breakeven rates. These have weakened in the last couple of weeks. Draghi referred to this in unprepared comments in his speech at Jackson Hole on Friday. He said B/Es point to "significant declines at all horizons-. The
tions "remain firmly anchored", at least not without announcing a new policy to better anchor those expectations. On balance, we think the data and Draghi's comment puts pressure on the ECB to accelerate the next phase of monetary easing. We believe the ECB will accelerate the announcement of a privat
26 August 2014 Data Flash: ECB: Private GE in September Fourth, the crucially. market•based inflation expectations have declined in the last couple of weeks. The SPF survey-based
Board members seems keen to take a steer en medium -term expectations from market breakeven rates. These have weakened in the last couple of weeks. Draghi referred to this in unprepared comments in his speech at Jackson Hole on Friday. He said B/Es point to "significant declines at all horizons-. The
tions "remain firmly anchored", at least not without announcing a new policy to better anchor those expectations. On balance, we think the data and Draghi's comment puts pressure on the ECB to accelerate the next phase of monetary easing. We believe the ECB will accelerate the announcement of a privat
26 August 2014 Data Flash: ECB: Private GE in September Fourth, the crucially. market•based inflation expectations have declined in the last couple of weeks. The SPF survey-based
eet expansion. ABS purchasing will have to go beyond this to keep the EUR on a downward trajectory. Maybe this is what the ECB has most in mind. As Draghi said on Friday, outright ABS purchases "would meaningfully contribute to diversifying the channels for us to generate liquidity". To summarise. re
26 August 2014 Data Flash: ECB: Private OE in September It the ECB does not have an appetite for mezzanine. the route to the success of ABS purchasing will be via the expansion o
eet expansion. ABS purchasing will have to go beyond this to keep the EUR on a downward trajectory. Maybe this is what the ECB has most in mind. As Draghi said on Friday, outright ABS purchases "would meaningfully contribute to diversifying the channels for us to generate liquidity". To summarise. re
26 August 2014 Data Flash: ECB: Private OE in September It the ECB does not have an appetite for mezzanine. the route to the success of ABS purchasing will be via the expansion o
Entities connected to both Draghi and Data Flash: ECB

Michael Jackson
PERSON
Jackson Hole
LOCATIONDtaahi
ORGANIZATIONECB Executive Board
ORGANIZATIONDraghl
ORGANIZATIONthe Governing Council Twill
ORGANIZATION5Y5Y
LOCATION