As announced by Mario Draghi, he extended QE till March 2017. But did not increase the amount. This surprises me as I expected the ECB to do more given his comments earlier that the “ECB would do what it must”. It seems I was wrong on this one, and today the Euro Bulls win this round.
Further things that make me wonder given the markets reaction:
1.) Did Draghi fail to communicate his intentions properly?
2.) Or was it a failure to make the other members go along with another plan that he had?
3.) Are they waiting for the FED to move first?
It remains to be seen what results this will have on Eurozone inflation and growth, but many feel that in this case, the ECB has not done enough.