ECB: Focus on forward guidance – Danske Bank

According to analysts at Danske Bank, the main event today is the January ECB meeting and attention from financial markets will be on the timing of when forward guidance will be revisited on the back of the ECB's December account, which stated that the forward guidance 'could be revisited early in the coming year [2018]'.

Key Quotes

“We believe these changes will relate to QE and not the forward guidance on policy rate early in the year. We expect no change in forward guidance this week, but only at the March meeting.”