Divyang Shah, IFR Senior Strategist
Divyang's focus is in following broad macro trends globally with a view to building a tradable analytical framework. He was editor of the flagship products at IDEAglobal as well as head of FX research and then moved to Chief Strategist at Commonwealth Bank of Australia before joining IFR.
Shah: Open-ended QE to achieve price stablity
Will buy €60bn of assets per month €60bn includes ABSPP/CBPP3 Programme to start March 2015 and end in Sept 2016 TLTRO now offered at a rate equal to MRO, removing 10bps spread Prevailing accommodation insufficient EU institution bond purchases subject to loss sharing Sov bond buys based on capital key Additional criteria to apply where EU/IMF programme To continue until sustained adjustment in inflation pa
The SNB has abandoned the EUR/CHF floor and has cut interest rates by a further 0.50%, taking the deposit rate to -0.75%.