Key highlights from the speech by Mario Draghi, President of the ECB and Chair of the European Systemic Risk Board, at the second annual conference of the ESRB, Frankfurt am Main, 21 September 2017
The ECB will hold its monetary policy meeting at 1145GMT today, followed by the usual press conference by President Mario Draghi at 1230GMT.
Market consensus expects the European Central Bank to keep its benchmark rate unchanged at 0.00%. Today’s meeting has grow in importance amidst increasing market chatter regarding the possibility that the ECB could shift to a more hawkish tone in its statement, all backed by the incipient recovery in the region despite inflation pressures still remain subdued.
However, this idea seems to have run out of steam after news on Wednesday cited the ECB could revise lower its inflation forecasts for 2019 and in light of May’s lower-than-expected consumer prices.
Spot remains sidelined following the release of EMU’s GDP figures during Q1
RBC Capital Markets’ take on today’s ECB meeting.
Today’s ECB event through the eyes of strategists at the Nordic bank.
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