The analysis team at Danske Bank explains that the ECB president Draghi is scheduled to speak in the Dutch parliament in the afternoon and focus will be on whether the latest jump in core inflation as well as Macron winning the French presidency have changed the ECB's monetary policy stance.
“In our view, the elimination of the Frexit risk has paved the way for a more hawkish communication at the next ECB meeting in June, but regarding the inflation outlook, we expect the ECB to await more information in judging whether the latest rise is due to the timing of Easter or higher underlying price pressure.”
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