BlueBay Asset Management: ECB comment

BlueBay Asset Management: ECB comment

bluebay-asset-management-ecb-comment_1_VbyYk6.jpg

By David Riley, Chief Investment Strategist, BlueBay Asset Management

By David Riley, Chief Investment Strategist, BlueBay Asset Management

ECB delivers policy easing as we expected and is more ‘dovish’ than market consensus. The first hike in interest rates is pushed out to December 2019 at the earliest, after the end of Mario Draghi’s term as ECB President