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Focus on ECB action next week - BBH

FXStreet (Delhi) – Research Team at BBH, notes that the immediately focus for markets is squarely on the likely ECB action next week.

Key Quotes

“The pickup in money supply growth and lending reported today is unlikely to impact next week's decision. M3 growth re-accelerated in October after a soft September. The 5.3% year-over-year pace was more than expected after a 4.9% pace previously. Lending to the private sector rose to 0.8% from 0.4%. This reflected improvement in lending to non-financial businesses (0.6% year-over-year) while the 1.2% increase in lending to households was sustained.”

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ECB expected to ease policy aggressively at next week’s meeting - MUFG

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