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Nov 13, 2015
Ahead for the Eurozone: ECB minutes and CPI – Lloyds
FXStreet (Córdoba) - Analysts from Lloyds Bank mention that next week the key economic events in the Eurozone will be the CPI data and the minutes of the latest meeting of the European Central Bank.
Key Quotes:
“The minutes of the October ECB meeting (Thu) could generate some interest if they contain more detail on the discussion of different policy easing options. President Draghi repeated in his testimony to the European Parliament that the degree of monetary accommodation will be ‘re-examined’ in December. This seems most likely to involve an extension of the programme beyond the current expected end date of September 2016, as well as a possible reduction in the deposit rate, but other options include increasing the pace of asset purchases and widening the range of assets for purchase."
“Final Eurozone CPI for October (Mon) is expected to confirm headline annual inflation at 0.0%. With global energy prices remaining under pressure, we expect CPI inflation to rise more slowly than the ECB envisaged in its staff forecasts in September, hence providing a key justification for more policy easing.”
Key Quotes:
“The minutes of the October ECB meeting (Thu) could generate some interest if they contain more detail on the discussion of different policy easing options. President Draghi repeated in his testimony to the European Parliament that the degree of monetary accommodation will be ‘re-examined’ in December. This seems most likely to involve an extension of the programme beyond the current expected end date of September 2016, as well as a possible reduction in the deposit rate, but other options include increasing the pace of asset purchases and widening the range of assets for purchase."
“Final Eurozone CPI for October (Mon) is expected to confirm headline annual inflation at 0.0%. With global energy prices remaining under pressure, we expect CPI inflation to rise more slowly than the ECB envisaged in its staff forecasts in September, hence providing a key justification for more policy easing.”