Euro Surges, Bonds Sink as ECB’s Rate Cut to -0.3% and Pledge of More QE Until March 2017 "or Beyond" Not Dovish Enough

ECB president Mario Draghi’s announcement today regarding more QE fell far short of the sky-high expectations of market participants. Draghi Recap ECB would continue its €60bn-a-month bond buying program for another 6 months until March 2017 “or beyondâ€

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Euro Surges, Bonds Sink as ECB’s Rate Cut to -0.3% and Pledge of More QE Until March 2017 "or Beyond" Not Dovish Enough