I’ve not really got a lot to add to what Ryan posted earlier, and agree that Draghi will lean on the side of caution re inflation.
I expect a repeat of the forward guidance mantra and the many tools available, but I do not expect any new LTRO’s but yes there could be a reference to discussions taking place still on the introduction of a new one. And yes, he will warn of the dangers of normalization of interest rates.
Being Italian I’m sure he will be diplomatically neutral on the political bun-fight unfolding before our eyes, but hopefully he will be more forthcoming on the US shut-down debacle and the knock-on effect for global markets.
All in all it’s a presser that shouldn’t be springing any surprises, but let’s hope I’m wrong. And remember my ” always expect the unexpected” mantra.
This market needs livening up a bit.
I bet you’d like a look at what I’ve got to say at the presser huh?
