Jantimot,It is quite a technical package, initial thoughts: ECB...

  1. 8,232 Posts.
    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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