re: ECB cuts rates

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EU not going to get much help from China, Japan and US Central Banks.

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Agreed. The US will be winding our QE up at the same time ECB is starting theirs.

The Fed and the ECB has handled this (crisis since 2008) very well. Looks like we will miss out on any deflation and staggering the QE's will cut down on inflation possibilities.

After looking at Draghi's statement this morning the ECB is still prepping for QE but not quite ready yet.

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preparatory work related to outright purchases of asset-backed securities

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But the ECB LTRO program looks like a good one with the ECB cutting down on the possibility of another property bubble by excluding loans to households for home buying.

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Second, in order to support bank lending to households and non-financial corporations, excluding loans to households for house purchase, we will be conducting a series of targeted longer-term refinancing operations (TLTROs). All TLTROs will mature in September 2018, i.e. in around 4 years. Counterparties will be entitled to borrow, initially, 7% of the total amount of their loans to the euro area non-financial private sector, excluding loans to households for house purchase, outstanding on 30 April 2014. Lending to the public sector will not be considered in this calculation.

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