Global & Regional Focus Notes
09 March 2018
Olga Kosma, Eurobank Research Economist
Paraskevi Petropoulou, Senior Economist of Eurobank
Τhe ECB decided unanimously to omit from the accompanying policy statement the explicit pledge that had been in place since 2016 suggesting that the Central Bank stands ready to increase the volume of monthly asset purchases and/or extend the duration of the programme, should the euro area outlook or financial conditions become less favorable. In the Q&A session, President Mario Draghi attempted to downplay the aforementioned change in the forward guidance, stressing that it does not signify a signal for future monetary policy. Meanwhile, there were no modifications to the more fundamental parts of the forward guidance.
