The ECB governing council confirmed it remains on course. Draghi repeatedly emphasized the importance of longer trends and a steady monetary policy course.
The message was clear; ECB will not change its course and will not try to influence market volatility. After some more near term volatility, analysts at Nordea research expect yields to fall back over the summer.
Commentary
ECB unlikely to change its course
The ECB governing council confirmed it remains on course. Draghi repeatedly emphasized the importance of longer trends and a steady monetary policy course. The message was clear; ECB will not change its course and will n…
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