The European Central Bank is set to keep policy unchanged on Thursday but is likely to lay the groundwork for more easing in December as it tries to sustain a long-awaited rebound in consumer prices.
Keeping interest rates and an 80-billion-euro per month bond buying programme unchanged, ECB President Mario Draghi is likely to emphasise the continued need for monetary stimulus, reinforcing expectations for an extension of the ECB’s asset buys beyond its scheduled end next March.
The euro stood near a three-month low against the dollar, at $1.0969, ahead of the ECB’s interest rate decision at 1145 GMT and Draghi’s news conference at 1230 GMT.
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