Thursday, 21 July 2016

ECB preview - Draghi: Most probably on hold this time...

ECB - market is expecting no change to rates, likely to keep wait and see stance and wait for further macro data, reiterate that EZ is supported with high stimulus, may not be comfortable with GDP growth and Inflation data, and Brexit impact is not possible to assess yet (short time). All in all, Draghi will likely express that it is too soon to make a change in current ECB's policy.





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