ECB to only discuss policy options and keen to see more data - Barclays
|The Barclays Research Team provides their expectations on today’s European Central Bank (ECB) monetary policy decision due to be announced at 1145 GMT.
Key Quotes:
“We expect the staff macro projections to show a slight downward revision of near-term growth and an upward revision to headline inflation, owing to higher oil prices and weaker EUR.
We believe the GC will discuss the options for tapering the net asset purchase programme towards zero. However we do not expect policy changes in June, with the ECB likely only discussing policy options, and keen to see more data. In turn, we expect the tapering of QE to be announced in July (even if an announcement in June would not be a complete surprise to us).”
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.