ECB impacts to come in time - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggest that there could be further impacts to come in time of the ECB.

Key Quotes:

"We don’t think that the full impact of the ECB actions have yet been felt, or fully appreciated by markets. The ECB just embarked on a course that will unfold in the coming months (targeted LTRO), including the consequences of a negative deposit rate. We note, for example, that the negative deposit rate will apply to government funds at the ECB, too."