Analysts at Societe Generale offer a brief preview of what to expect from this Wednesday’s European Central Bank (ECB) monetary policy meeting.
Key Quotes:
“Should be a low-key event after the central bank pushed back the first rate increase to 2020 and announced plans to offer new TLTROs, starting after the summer.
Expectations of an ultra-dovish outlook are fully entrenched following the collapse in 10y EGB yields to negative territory.”
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