The Barclays Research Team is out with its brief preview on the European Central Bank (ECB) monetary policy decision due to be announced this Thursday at 1145 GMT, which will be followed by President Draghi’s press conference at 1230 GMT.
Key Quotes:
“As the GC laid out its medium-term policy plan at the June meeting, we expect no material new information to be announced.
Nonetheless, against the backdrop of a more dovish stance than expected in the ECB’s enhanced version of the forward guidance, including indications that the first rate hike will not be before September 2019, we believe the Q&A session may provide some interesting clarification about the ECB’s position regarding recent developments in inflation, growth and trade wars relative to its baseline.”
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