The spread between Italian XNUMX-year government bonds and the corresponding German bonds fell to a six-month low. The differential between the BTP and the Bund is currently at 98 basis points, down 4,7% from yesterday's close. A level not seen since last March.
In parallel on the currency market the Euro also collapses. The Euro/dollar exchange rate fell to 1,1162, down by 1,5%.
The credit belongs to words pronounced today by the President of the European Central Bank Mario Draghi, which opened the door to a possible increase in Quantitative Easing in December in order to combat low inflation on the one hand and the slowdown in growth on the other.
At the end of the meeting of the Governing Council, the number one of the ECB in fact declared that the level of monetary easing of the ECB "should be reviewed in December"
