What Can We Expect From the ECB?

The European Central Bank will extend its already generous asset buys on Thursday, aiming to boost stubbornly weak inflation, but with much of its firepower exhausted it may also debate sending a token signal about the eventual end of such purchases.

Emphasising abundant risk, including from elections in potentially four of the euro zone’s five biggest economies, ECB President Mario Draghi is expected to argue that premature tapering – or slowly ending – bond-buying could abort a still timid recovery, unravelling the impact of the purchases.

Reuters

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.