Weekly comment MM Prime TFI - March 14, 2016
At the beginning of the last week most stock markets were in a sideways trend. Meanwhile, investors awaited the ECB’s decisions. The Governing Council did not disappoint them. The interest rates were cut and the quantitative easing was expanded. In addition, the ECB expanded the range of assets it will purchase to include high – quality corporate bonds. What is more, the ECB declared the launch of the TLTRO II program. As a result, stock markets grew sharply. Nevertheless, a little later Mario Draghi reiterated that further cuts of interest rates would not be anticipated.