ECB would remain on the sidelines once again – Danske Bank

FXStreet (Edinburgh) - Today’s ECB gathering would see the central bank taking no action, repeating the pattern of the last meetings, observed Analyst Anders Fischer at Danske Bank.

Key Quotes

“We expect today’s ECB meeting to be another wait-and-see one without any new easing measures”.

“Mario Draghi is expected to continue to sound very dovish as inflation in April again was below ECB’s expectations, EUR/USD continues to edge higher and bank lending remained subdued in March”.

“However, the ECB is expected to refrain to at least June when it will release revised economic forecasts”.