We expect July to bring no changes in actual ECB policy - Rabobank
|"We expect July to bring no changes in actual ECB policy; nor does it seem likely that the ECB will formally change their guidance at this juncture," said Rabobank Financial Research Team in a recent report.
Key quotes:
- In order to prepare for an official decision on the future of the asset purchase program in autumn, the Council will likely use next week’s meeting to further shape the narrative
- We remain convinced that the ECB will taper purchases, though we do not see inflation meet any of the ECB’s self-imposed criteria
- Mr. Draghi will have to address this issue by further disconnecting the future of the asset purchases from the inflation outlook, probably by tying it more to the growth outlook
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.