Draghi Has No Other Option But to Cap Asset Purchases, Says DWS's Eichmann

The transcript discusses the economic challenges in Europe, focusing on Germany and Italy's stagnation and the euro area's GDP. It explores the European Central Bank's (ECB) monetary policy, including asset purchases and interest rates, and the potential for future rate hikes. The discussion highlights the risks posed by political issues like Brexit and the impact on the bond market, emphasizing the ECB's cautious approach to raising rates.

What is the forecast for the ECB's first deposit rate hike according to the text?

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What political risks are mentioned that could affect the ECB's decisions?

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