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ECB’s Hansson on radio

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In an interview on radio this morning, ECB’s member Hansonn gave an interesting insight on the possible decision process for the ECB future non-standard plan.

  • Throughout the interview he clearly reiterated that a final decision had not been made and suggested that an internal discussion would have to take place.
  • He went on to suggest that the final decision on future sovereign bond purchases can be taken even without the Buba’s approval.
  • It was made clear that the decision would be made by a simple majority and Germany can be outvoted on the Governing Council.
  • Stated that the program will target short-dated bonds.
  • In yesterday’s ECB press conference Draghi highlighted that Germany was skeptical on further bond purchases.
  • The negotiation process will clearly be tough, however, the General Council will try to find an agreement with the Buba.


    • No matter what, the market is dictating that a decisive ECB policy action is strongly needed. The market is not content with the “hurry up and wait approach.”

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    Dean Popplewell

    Dean Popplewell

    Vice-President of Market Analysis at MarketPulse
    Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments.
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