Goldman Sachs preview the ECB meeting Thursday - significant easing

Author: Eamonn Sheridan | Category: Central Banks

Consensus for the European Central Bank on 12 September 2019 is easing, GS is no different:

GS economists expect a "significant easing package" 
  • 20bps rate cut 
  • QE return, on corporate and sovereign debt
  • any further rate cuts will need to be accompanied by tiering in order to avoid further impacts on profits to banking sector

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