Weekly comment MM Prime TFI - April 25, 2016
Last week the meeting of the ECB’s Governing Council was in the spotlight. This time the representatives of the ECB did not surprise investors – interest rates remained at the current level and the scope of the QE was not change. During the conference Mario Draghi reiterated that the inflation rate accelerated. On the other hand, he paid special attention to the ECB’s readiness to continue expansionary monetary policy until the price growth stabilizes. As a result, the ECB did not significantly affect market sentiment. Investors also learnt the values of the PMI’s for the Eurozone.