What to expect from the ECB this week, via Lloyds:
In very brief form (bolding mine):
- Last October, the ECB preset the broad contours of policy for the first nine months of this year.
- Markets are looking for clues for policy beyond September.
- We believe it is too early for any change to the ECB's communication on future policy, especially given the euro's recent rise and with domestic inflation remaining subdued.
- President Draghi is expected to strike a dovish tone and preach 'patience'.
There is more detail, but that's it in a nutshell
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Some earlier previews: