The Trader 

Market Outlook: Draghi anchoring expectations

The Trader

At a Washington event yesterday, ahead of a G20 meeting, pledged to keep interest rates at their current ultra-low level until ‘well past’ the end of its bond-buying programme.  ‘The well past is very, very important in anchoring rate expectations’.  Earlier in the day the head of the German Bundesbank, Yens Weidmann had said that current ultra-low rates ‘must not last too long and, in an economic upturn, the monetary policy taps must be turned off in a quick and consistent manner’.

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