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ECB could refrain from easing further today – Danske Bank

FXStreet (Edinburgh) - In the opinion of Morten Helt, Senior Analyst at Danske Bank, the ECB will remain on the sidelines in today’s meeting.

Key Quotes

“Main event is the ECB meeting”.

“We do not expect rate cuts or QE in connection with the meeting but all options are expected to be left open”.

“After Draghi’s dovish speech at Jackson Hole the statement could include comments that there are signs that medium-term inflation expectations have started to de-anchor and that the ECB is ready to go down the QE path in case it continues”.

“We expect the ECB to reveal more details about the ABS programme, which should contribute to further credit easing”.

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