FXstreet.com (Barcelona) - ECB as well as the BoE, which hold monetary policy meetings today, are both expected to make changes to their monetary policies.
“Weak activity, plunging inflation and a more pessimistic BoE suggest further stimulus is coming today,” believes Carsten Brzeski from ING, indicating a QE increase of 50 billion pounds. He also reminds that the minutes from the central bank's last monetary policy meeting revealed that four out of the nine MPC members voted in favor of an expansion.
As far as the ECB is concerned, the ING team of analysts projects a interest rate cut of 25 basis points to 0.75%.
“Weak activity, plunging inflation and a more pessimistic BoE suggest further stimulus is coming today,” believes Carsten Brzeski from ING, indicating a QE increase of 50 billion pounds. He also reminds that the minutes from the central bank's last monetary policy meeting revealed that four out of the nine MPC members voted in favor of an expansion.
As far as the ECB is concerned, the ING team of analysts projects a interest rate cut of 25 basis points to 0.75%.
