Gong show MKII

  • Message from G20 will be one of stability

"The message will be, the message maybe, the messages should probably be..."

Blunder.

Fortunately it's not market moving like the Kuroda mess earlier. It's not often you see Draghi flapping.

  • ECB have not discussed QE tapering

  • It's hard to gauge the impact of geopolitical uncertainties

  • Turkey events might affect confidence but doesn't see a big impact from Turkey

  • ECB sees inflation moving according to our baseline scenario