Posted To: MBS Commentary
When the ECB (European Central Bank) officially announced quantitative easing in January, they were pretty light on the details. At least that’s true relative to what markets have come to expect based the ECB’s previous programs. To say they’re complex is an understatement. Things are simply more complicated when one central bank is balancing the economic and political interests of 19 countries , some of whom wholeheartedly disagree on the best path forward. That complexity and disagreement is part of the reason it’s taken ECB President Mario Draghi as long as it has to get a more western style of QE on the table. But even then, it’s not as simple as it is for the Fed, which can simply say “here’s what we’re buying and how much.” To be sure, the ECB will…(read more)
Via:: MBS Day Ahead: ECB Detailing QE Today; NFP Tomorrow; Plenty for Bonds to Consider
