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Jun 05 - 01:24 PM
EUR: Draghi To Present A Dovish Tone On Thurs - ANZ
First appeared on eFXplus on Jun 05 - 11:45 AM

ANZ Research discusses its expectations for tomorrow's ECB June policy meeting. 

"Euro area inflation and inflation expectations this year are persistently deviating away from the European Central Bank’s HICP1 target of close to but below 2.0%. The ECB cannot ignore this indefinitely. Geopolitical and protectionist risks have risen recently, increasing the downside risks to growth against a faltering domestic manufacturing expansion and modest growth, at best," ANZ notes. 

"We expect the ECB to articulate a dovish assessment of developments when it meets this week and indicate that it remains open to deploying whatever policy tools are necessary to boost inflation if needed. We expect the ECB will confirm that the balance of economic risks remains tilted to the downside and anticipate that ECB President Draghi will present a dovish tone to the monetary policy outlook," ANZ adds. 

ANZ Research/Market Commentary


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