ECB: Rates seen unchanged, focus shifts to QE – UOB

Pablo Piovano FXStreet

UOB Group’s Economist Lee Sue Ann comments on the upcoming ECB meeting.

Key Quotes

“The revised forward guidance from the July meeting shows the ECB can tolerate above-target inflation that is transitory.”

“As such, the ECB will accept any temporary overshoots of its new symmetric 2% inflation target, particularly when monetary policy is at the effective lower bound and strong policy action is needed to ward off below-target inflation expectations – as is currently the case.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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