Bye-bye Draghi   

21 October 2019: On Thursday, Mario Draghi will hold his final monetary policy decision at the ECB amid growing division within the governing council. We do not expect any new measures, and it's going to be more of a farewell event after eight years at the helm.

The ECB will restart its 20 billion euros of asset purchases per month in November, and the key question remains, is it enough? Economists believe that the current scheme will not be effective in lifting inflation, neither will be the 10-basis point rate cut. So, Draghi is likely to use his final meeting to push governments to use their fiscal policies to bring growth back. 

Reporting for EasyKobo on Monday , 21 October 2019 in Lagos, Nigeria

Source: FXTM Chief Market Strategist, Hussein Sayed 

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