Joerg Kraemer
Joerg Kraemer
bank central compared council european less market meeting sent statement
After today's council meeting the European Central Bank sent a less hawkish statement compared to market expectations.
coalition grand hold negatively parties perceived positions push reforms unlikely
A grand coalition would be perceived negatively by the markets. It would be unlikely to push through any reforms because the parties hold contradictory positions and would neutralise each other.
february hike hurry interest move ruled
All this suggests that the ECB is in no hurry to hike interest rates. A move in February can effectively be ruled out.