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ECB in the limelight next week – TDS

FXStreet (Edinburgh) - Strategists at TD Securities have emphasized the relevance of the ECB meeting in the upcoming week.

Key Quotes

“We don’t expect too much excitement from the ECB on Thursday, but we do expect expanded and extended QE (to €80bn/month until Dec-16) and possibly a depo rate cut to be announced by the end of the year”

“There’s a risk of jawboning by Draghi at the press conference to help prepare markets for this, particularly after ECB hawk Nowotny declared that “additional sets of instruments are necessary” to meet the inflation target”.

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