More QE ahead - BNP

FXStreet (Guatemala) - Analysts at BNP Paribas explained that faced with a fragile recovery and renewed downside risks, the ECB has indicated that it is ready to do more to support growth and inflation.

"It could announce an increase in both the scale and the duration of its Quantitative Easing (QE) program.

However, doubts remain over the ability of monetary policy alone to steer the economy back to potential. Action on a wider front, involving fiscal support and the introduction of targeted structural reforms, would therefore be welcome."