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: