Morning Meeting: ECB Takeaways for Banks, Markets

The video discusses the European Central Bank's (ECB) quantitative easing (QE) program and the market's expectations regarding tapering. Despite Mario Draghi's statements that tapering was not discussed, the market interprets signals that QE will continue into the next year. The discussion covers the potential scarcity of bonds and the need for changes in QE modalities. The video also explores the political implications of these changes and the ECB's focus on effective policy implementation.

What are the potential changes to the modalities of the ECB's program?

In what ways might the ECB's decisions be influenced by political considerations?