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ECB minutes to show increased pressure to ease - BNP

FXStreet (Bali) - According to BNP, today's ECB minutes is expected to show increased pressure for further easing, either as early as October - not preferred scenario - or December - core view -.

Key Quotes

"The minutes from the ECB’s early-September policy meeting could spark more interest than has been the case lately. While we think it was probably too early for a detailed discussion of potential policy responses, the minutes may be informative on the level of Governing Council’s concern over downside risks to growth and inflation."

"Our economists expect the ECB to expand its QE programme in December, with the disappointing US data and persistent strength in the EUR’s trade-weighted exchange rate suggesting that the risk of a move as early as October cannot be ruled out. ECB Executive Board member Praet speaks at 11:10 GMT and he has been among the policymakers signaling openness to provide more accommodation if needed."

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