ECB: Little action expected today – Danske Bank

Analysts at Danske Bank point out that in the euro area, we have the ECB Governing Council meeting, which they expect to be a meeting with little action.

Key Quotes

“Since the last meeting, incoming data has not warranted a change in policies, not least the wording on ending its asset purchase program (APP). Therefore, we expect, the word 'anticipate' to remain.”

“Should it be changed (meaning an official end to APP), it could lead to a knee-jerk market reaction, but without long-lasting implications. Furthermore, we expect a 'vigorous' Mario Draghi, pointing to continued solid wage dynamics but still somewhat moderate inflation assessment.”