ECB: No new policy signals – Danske Bank

Analysts at Danske Bank points out that the ECB kicks of the action with its meeting and press conference at 14.30 CEST and will be a key event for today’s session.

Key Quotes

“We expect Draghi to repeat his 'delayed, not derailed' inflation message, therefore no new policy signals from the ECB. However, we expect Draghi to strike an overall cautious tone and the ECB to keep its downside risks assessment on growth.”

“We expect questions on a tiering system and Draghi may reflect on the recent ECB lending survey.”