ECB eases increases profitability, strong gold after the decision of the MPC – Onet.pl

MPC lowered interest rates on Wednesday by 50 basis points, and at the same time informed that this decision means the closure of monetary policy easing cycle.

“In the morning we had a rising curve in response to the declaration of the Council. However, the information from the ECB slowed profitability march up” – told PAP Arkadiusz Urbanski Pekao SA.

The ECB President Mario Draghi said that the European Central Bank will start buying government bonds on March 9. The ECB raised its growth forecast in the euro zone this year to 1.5 percent .. Draghi confirmed that the program of quantitative easing will be the ECB was buying 60 billion worth of assets per month and that the program will continue until at least 2016. Or until inflation consistent with the inflation target, assuming it to a level close to, but below 2 percent. in the medium term.

Draghi added that the quantitative easing program may be extended beyond that date, if necessary.

“Activities of the ECB should be a strong impulse, if not to fall in bond yield, at least to limit growth. For bonds in Poland today will not be conducive environment after the declaration of the MPC and the expected macro data better and better, but just to the ECB will be a factor supporting “- Urbanski said.

GOLD STABLE TO EURO, FLUCTUATIONS USD / PLN

After the decision of the MPC zloty strengthened and remained stable in relation to the strong euro.

“Larger reactions seen in relation to the dollar as a result of fluctuations in the Eurodollar. An important factor for trading will be data from the US labor market. Depending on the level of expectations rozminięcia we watched the direction of oscillation “- said Andrzej Krzeminski with BPH.

On Friday in the United States are given the data from the labor market in February.

“range for the appreciation of the euro / gold is 4.12 / 15 zł / euro “, – he said.

                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 


                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                     
                         
                     
                 
                 

	Thursday	Thursday	Wednesday
	15.35	9.05	� �                  16.45
EUR / PLN	4.1342	4.1392	� �                         4.1437
USD / PLN	3.7470	3.7428	� �                         3.7415
EUR / USD	1.1035	1.1058	� �                         1.1076
OK0717	1.64	1.65	1.67
PS0719	1.90	1.89	1.90
DS0725	2.28	2.18	2.27