ECB to announce no material new information this Thursday - Barclays
|The Barclays Research Team is out with its brief preview on the European Central Bank (ECB) monetary policy decision due to be announced this Thursday at 1145 GMT, which will be followed by President Draghi’s press conference at 1230 GMT.
Key Quotes:
“As the GC laid out its medium-term policy plan at the June meeting, we expect no material new information to be announced.
Nonetheless, against the backdrop of a more dovish stance than expected in the ECB's enhanced version of the forward guidance, including indications that the first rate hike will not be before September 2019, we believe the Q&A session may provide some interesting clarification about the ECB's position regarding recent developments in inflation, growth and trade wars relative to its baseline.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.