ECB: Preview of today's meeting

Thu, May 8 2008, 07:28 GMT
by Allan von Mehren

Danske Bank A/S


The story is very much the same this month, and we don't expect a big change in the tone from ECB. The market impact should therefore be limited. On the one hand inflation risks are intensifying as oil prices keeps rising. But on the other, downside growth risks are also strengthening and actual data have started to illustrate this. The ECB will continue to warn strongly against second round effects but will hold on to the view that current rates are appropriate to fight inflation risks.

Published on  Thu, May 8 2008, 07:56 GMT

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