Draghi is giving more of less, and lots of it. However, the clear the key message is 'no taper', says Nick Parson of National Australian Bank.
India‘s macro story looks very good, says Sanjeev Prasad of Kotak Institutional Equities. Speaking to CNBC-TV18 Prasad said that global events are hard to predict.
Nick Parsons of National Australia Bank believes any further QE could be counter-productive in the financial stability and banking sector profitability of the system and would have a negative impact on business consumer confidence.
Keeping rates deep in negative territory and printing money at a record pace, the ECB is hoping to revive inflation and growth in a region weighed down by nearly a decade of economic malaise and crises.
Saurabh Mukherjea, CEO-institutional equities of Ambit Capital, maintains his Sensex year-end target at 29,500.
Answer: Till as long as the liquidity taps are open.
Quality of global growth remains a concern, while current market conditions are conducive for commodity-based economies, says Viktor Shvets of Macquarie.
Asked about the latest criticism of ECB policy from German quarters, Lagarde agreed that the ECB had to work independently.
Jan Lambregts, global head of financial markets research at Rabobank believes the recent quantitative easing by various central banks will lead to a flood of liquidity into the market which will eventually find its way to equities and will prove beneficial for emerging markets including India.
The decision to leave rates on hold was expected by all 60 analysts polled by Reuters after the ECB cut its deposit rate deeper into negative territory last month as inflation prospects soured further.
Though the impact of the blasts will be short lived and there won't be any substantial impact if consumer sentiment is not affected too much by it, says Bruno Verstraete of Lakefield Partners
Subir Gokarn, Executive Director of IMF says while monetary policy give boost to other structural reforms, it is "naive to expect monetary policy can substitute other growth drivers."
In an interview with CNBC-TV18, Michael Every of Rabobank said that the markets did not like Draghi‘s comments and is starting to lose confidence in Central Banks.
Speaking to CNBC-TV18, Luk says there are expectations of European Central Bank (ECB) and Bank of Japan to ease monetary policy further, which will help in easing liquidity.
Manishi Raychaudhuri of BNP Paribas says economists were initially of the view that the US Federal Reserve will raise rates thrice in 2016, but now they feel that it may not raise rates even once in 2016 and 2017
Following its last monetary policy meeting in January, the ECB's decision-making governing council had promised "to review and possibly reconsider the monetary policy stance in early March," Draghi said, reiterating comments he has made repeatedly since last month.
Richard Gibbs of Plantagenet Investments says stimulus expectations have been running very high since Mario Draghi's commentary.
Ian Hui, Global Market Strategist, JPMorgan Asset Management expects further downside in Indian market if earnings continue to disappoint.
Shane Oliver, head of investment strategy at AMP Capital Investors says markets may have already seen near-term bottom.
The European Central Bank held interest rates at record lows on Thursday, but the market crash, tumbling bank stocks and ebbing inflation may set the stage for action later in the year.
Analysts expect ECB chief Mario Draghi to extend the central bank's quantitative easing programme, probably announce another euro 10 billion of additional asset purchases each month, as well as cut deposit rates.
Manish Gunwani, senior fund manager at ICICI Prudential AMC believes dollar trajectory will be the key variable in the short-term
Paul Mackel, managing director - head of Asian currency research at HSBC, says though the dollar-rupee is high, volatility is low. However, in the near-term, he sees the rupee toughing the 67 per dollar mark.
On Indian markets, Dr Robert Baur, chief global economist, Principal Financial Group says the stock market valuations are below average on poor earnings, but the government will continue investing in infrastructure.
The US Fed kept rates unchanged on Wednesday while explicitly saying it intends to move off its zero rate policy. Speaking about the sudden overt reference to rate revision in December, Ian Hui, Global Market Strategist at JPMorgan Asset Management said he assigns a 45 percent chance of a rate hike in December.