By Petr Krpata, Chief EMEA FX and IR Strategist
The ECB is presiding over a low-growth, low-yielding euro environment…
In a nutshell, the European Central Bank’s policy stance and its implications should remain a drag on the euro. The September ECB easing package (10 basis point deposit rate cut and the restart of quantitative easing) was not strong enough to meaningfully improve the eurozone's growth and inflation prospects. As Figure 24 shows, economic growth will remain lacklustre (growth rate at / below 1.0% over the next two years) and inflation should remain persistently below the