We Are Bearish on the Euro, Says BNP Paribas’s Sneyd

What was the market's reaction to the ECB's potential changes to its inflation goal?

• The market saw it as a dovish signal.

• The market expected immediate rate hikes.

• The market saw it as a hawkish signal.

• The market was indifferent.

What are the ECB's expected actions by the end of the year?

• Introduce tearing and restart QE.

• Focus solely on inflation control.

• Increase interest rates by 20 basis points.

• Stop all monetary interventions.

When does the ECB plan to start rate cuts according to the expectations?

• In June

• In December

• Next year

• In September

How is the euro expected to react to the ECB's dovish stance?

• Decline against the yen

• Remain stable

• Strengthen against the dollar

• Strengthen against the yen

What is the expected trend for credit spreads in Europe if the ECB restarts QE?

• Credit spreads will widen.

• Credit spreads will narrow.

• Credit spreads will remain unchanged.

• Credit spreads will become volatile.