Analysts at TD Securities points out that the ECB meets to set policy and will be a key event for today’s session.
Key Quotes
“Ours and the market’s widespread expectations are for an unchanged policy stance, with the balance of risks still tilted to the downside. The greatest interest will be in the Q&A, when President Draghi is expected to face questions about: (i) TLTRO details (likely “coming in June, not April”); (ii) prospects for tiered interest rates (likely “not an active discussion”); and, (iii) his assessment of recent data (likely “we’ll return in June with full projections”).”
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