Bloomberg report
This diminishes that probability of a large move from the ECB. The euro is rallying on this, it's bullish.
- Changes to forecasts are 'marginal' according to BBG sources
- ECB will revise down 2016 inflation forecasts to 1.6% from 1.7%
- "The confirmation for the existing outlook would undermine the case for more stimulus instead they'll need to focus on as-yet-unrealized risks to explain any shift in policy"
This could set off a good squeeze in EUR/USD
