Former ECB President Trichet: Market created more expectations than were in the cards

Author: Adam Button | Category: Central Banks

Jean-Claude Trichet on Bloomberg:

  • He wouldn't say the ECB failed today
  • Market created more expectations than were in cards
  • Short-term reaction should be considered important
  • The ECB took serious action today

Ok, you can always blame the market. But a month ago the market wasn't expecting a big round of stimulus. Then Draghi went and stoked the fires. I don't know if Draghi cares but if we're blaming someone, it should be him.

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