ECB: Expect no fireworks – Danske Bank

Analysts at Danske Bank do not expect the ECB to make any changes to its policy stance or forward guidance at the meeting today.

Key Quotes

“Focus will therefore be on news regarding QE composition after the scale down and the updated ECB growth and inflation projections, where we expect the new 2020 forecast to show headline inflation close to the target at 1.8% target, in line with the Governing Council's growing urge to move on with monetary policy normalisation.”