Nolting Says Strong Euro Not in Draghi's Interest

The transcript discusses the European Central Bank's (ECB) current and future monetary policies, including bond buying until September next year and potential quantitative tightening in 2019. It highlights the global economic outlook, noting 2018 as a peak year for central bank balance sheets. The discussion also covers the implications of ECB and Bank of Japan (BOJ) policies on currencies, particularly the euro and yen, and the widening interest rate differentials between the ECB and the Federal Reserve, which could favor the US dollar. Overall, the transcript provides insights into the potential impacts of these policies on global markets.

What is the ECB's plan regarding bond buying until September next year?

• To increase bond buying significantly

• To decrease bond buying gradually

• To maintain the current level of bond buying

• To stop bond buying immediately

What major theme is expected for the next year according to the discussion?

• Increasing inflation rates

• Rising commodity prices

• Changing tendering policy

• Decreasing unemployment rates

Why might Draghi not focus on changing policy according to the discussion?

• He is waiting for the Federal Reserve's decision

• He plans to increase interest rates

• He is satisfied with the current euro level

• He wants a stronger euro

How might the interest rate differential between the ECB and the Federal Reserve affect the US dollar?

• It could weaken the US dollar

• It could strengthen the US dollar

• It will have no effect on the US dollar

• It will cause the US dollar to fluctuate wildly

What is Draghi's likely stance on the euro's strength?

• He prefers a weaker euro

• He wants a much stronger euro

• He wants to match the euro with the US dollar

• He is indifferent to the euro's strength