ECB Headline Fatigue

If you are feeling ECB headline fatigue it will only get worse from here. The meeting on October 26th is said to be when we get the details of what lies ahead. In the meantime we can be ensured of a lot more rumours and doublespeak.

ECB pledge to keep rates low “well past” QE is key: Draghi

“FRANKFURT, Oct 12 (Reuters) – The European Central Bank’s pledge to keep interest rates at their current, record-low level “well past” the end of its bond-buying programme is very important for keeping borrowing costs at bay, ECB President Mario Draghi said on Thursday.

“The ‘well past’ is very, very important in anchoring rate expectations,” Draghi said at an event in Washington, weeks before the ECB is due to review its stimulus package and policy message. (Reporting By Francesco Canepa; Editing by Hugh Lawson)” (Source: Reuters )

EURUSD holds under resistance with lack of any clear direction ahead of the ECB meeting in a couple of weeks.
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