OppenheimerFunds PM Says ECB Delivered on Expectations

The transcript discusses the European Central Bank's (ECB) approach to economic growth, communication strategies, and potential policy changes. It highlights the ECB's intention to avoid a sudden stop in quantitative easing (QE) unless in a strong position, and the importance of FX developments on growth. The ECB's future meetings are expected to be low volatility events, with the focus shifting to the US side, including tax cuts and balance sheet reduction.

What is the expected economic growth trend compared to the US over the next nine months?

• Below the US growth rate

• Above the US growth rate

• Equal to the US growth rate

• Unrelated to the US growth rate

What is the ECB's current communication strategy regarding QE?

• Increase in QE without communication

• Gradual reduction with market communication

• Immediate stop without notice

• No change in QE policy

What is the ECB's stance on FX developments as a risk to growth?

• FX developments are a significant downside risk

• FX developments are an upside risk

• FX developments have no impact on growth

• FX developments are not a risk

What is expected in terms of volatility for upcoming ECB meetings?

• High volatility

• Moderate volatility

• No volatility

• Low volatility

What factors are now influencing the euro according to the transcript?

• Global trade agreements

• European inflation rates

• US tax cuts and balance sheet reduction

• ECB's QE policy