ECB Didn’t Go 'Shock and Awe' But May Not Be Done Yet, Kleintop Says

The video discusses the European Central Bank's (ECB) recent monetary policy decisions, including a smaller-than-expected deposit rate cut and a reduced rate of asset purchases. The market initially reacted with volatility but stabilized as details emerged. The ECB's actions suggest they are reserving measures for potential future economic challenges, such as a no-deal Brexit or a recession under the new President Christine Lagarde.

What was the market's expectation for the ECB's asset purchase rate?

• 10 billion per month

• 20 billion per month

• 40 billion per month

• 30 billion per month

How did the euro-U.S. dollar cross react initially to the ECB's announcement?

• It remained unchanged

• It moved significantly and stayed high

• It moved initially but then returned to almost flat

• It decreased significantly and stayed low

What is a key factor in determining the effectiveness of the ECB's QE program?

• The initial market reaction

• The details of what will be purchased

• The size of the deposit rate cut

• The euro's exchange rate

What potential future challenges has the ECB reserved measures for?

• A no deal Brexit and a recession

• An increase in GDP growth

• A decrease in unemployment

• A rise in inflation

Who is the incoming President of the ECB mentioned in the transcript?

• Mario Draghi

• Jerome Powell

• Janet Yellen

• Christine Lagarde