Hopes of the European Central Bank (ECB) announcing a new asset-purchase program on Thursday have dwindled, although analysts remain critical of the current measures the bank has put in place.
A Reuters poll of economists this week showed that none of them expected any action to be unveiled at the end of the ECB’s Governing Council meeting. The Council’s rate decision is due at 12:45 p.m. London time, with ECB President Mario Draghi speaking in front of the press shortly afterwards.
“Expectations are diminishing for anything spectacular at the this week’s meeting – except kicking that can down the road,” Bill Blain, chief fixed income strategist at brokerage firm Mint Partners, wrote in a research note on Tuesday.
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