An earlier preview of the European Central Bank policy meeting is here:
No one expects very much from this meeting, here is TD, for example:
- We expect a dovish lean, given concern about inflation expectations and softer growth trends. We don't expect any clear policy signals in our base case
And, for the euro:
- we expect EURUSD to remain tame. Most directional risks favour moderate downside as we expect Draghi to ride off on a dovish note. Market attention will soon turn to any early hints on policy preferences from incoming President Lagarde
