Opinion: ECB delivers reasons to be cheerful for investors

Meetings of global central banks tend to be highly technical and are filled with financial programme acronyms and inflation expectation jargon.

In many ways, for non-financial market participants, meetings of the European Central Bank (ECB) merely serve as confirmation that interest rates will remain low and that mortgage rates, especially for trackers, will continue to be very low by historical standards.

However, for investors, the actions taken by central bankers remain very important to asset markets given renewed questions over the level of global growth and increased concerns since the beginning of the year from issues that include the price of oil to the performance of periphery banks across Europe.