ECB preview: expected to act – ANZ

By FXStreet Analysts at ANZ offered a preview for the ECB.

Key Quotes:

“We expect that the European Central Bank (ECB) will step-up its policy accommodation to support the economy in an environment of low inflation.

The median forecast is for a 10bp cut in the deposit rate to -0.40% and an increase in the pace monthly asset purchases (QE), currently running at EUR60bn per month.

Updated macroeconomic projections are expected to include a sharp reduction in the 2016 inflation forecast from 1.0% to 0.5-0.7% (largely on the back of the sharp fall in energy prices).”
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Source:: FX Street