Jantimot,
It is quite a technical package, initial thoughts:
ECB gone negative - Corridor now symmetric, which should cap Eonia in a tighter range. Net impact will depend on liquidity measures.
Liquidity Measures - Forward guidance reinforced through full allotment extension and fixed-rate TLTRO of up to ~EUR475bn initially.
Details:
http://www.ecb.europa.eu/press/pr/date/2014/html/pr140605_2.en.html
http://www.ecb.europa.eu/press/pr/date/2014/html/pr140605_1.en.html
http://www.ecb.europa.eu/press/pr/date/2014/html/pr140605_3.en.html
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- negative rates from the ecb
Jantimot,It is quite a technical package, initial thoughts: ECB...
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