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ECB Preview: Here's What Draghi Will Announce On Thursday
Thursday's ECB meeting is expected to be one of the most important in recent years: Mario Draghi has signaled, and is widely expected to announce a blueprint of what the central bank's QE tapering will look like beyond 2017, and while no actual tightening will be implemented - either via rates of asset purchases - the ECB is expected to announce it will cut its €60bn/month bond purchases in roughly half starting in January 2018 and lasting for the next 9-15 months. Courtesy of RanSquawk, here are the key parameters of Thursday's meeting: • Rate Decision due at 1245BST/0645CDT and Press Conference at ... (full story)
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Humans are naturally hardwired to avoid and detest uncertainty.
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