Sun, May 09, 2021 @ 23:51 GMT
Home Contributors Fundamental Analysis ECB Preview: Time for Inaction

ECB Preview: Time for Inaction

  • We do not expect material changes to the ECB stance at next week’s meeting, hence a
    readiness to act given the highly uncertain economic and inflation outlook will remain.
  • With no new policy signals to act as catalyst, we stay neutral on markets through the
    press conference. In fixed income, we continue to expect range trading driven by the
    offsetting factors of increased supply and large PEPP purchases.
  • We expect Lagarde to be questioned on the Fed’s recent AIT decision and implications
    for ECB’s ongoing strategic review as well as the stronger EUR and its implications for
    the subdued inflationary outlook

Full report in PDF.

Danske Bank
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Markets´ research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Markets is a division of Danske Bank A/S, which is regulated by FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright (©) Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.

Featured Analysis

Learn Forex Trading