ECB expected to remain on hold this week – UOB

In opinion of Economist Lee Sue Ann at UOB Group, the ECB is seen keeping its benchmark rates unchanged at the upcoming meeting.

Key Quotes

“Amid the slew of measures including balance sheet expansion and liquidity injection, the ECB is still in “implementation” mode, and has sufficient flexibility to continue buying assets.”

“However, the meetings in September and October will be crucial as far as discussions on expanded stimulus are concerned.”