ECB and BoC to remain pat – Lloyds Bank

FXStreet (Delhi) – Research Team at Lloyds Bank, suggests that as the ECB (Thu) is likely to leave policy unchanged, market attention will focus on President Draghi’s press conference for clues about further potential loosening.

Key Quotes

“January survey data, including the German ZEW (Tue) and euro area preliminary PMIs (Fri), will also offer guidance on the economic outlook. Wednesday sees the Bank of Canada policy announcement. The recent fall in the Canadian dollar has broadly offset the negative impact of lower oil prices. Thus the BoC is expected to leave the policy rate at 0.5%.”