ECB: Not expecting any major announcements - RBC CM

Elsa Lignos, Senior Currency Strategist at RBC Capital Markets, suggests that they are not expecting any major announcements at today’s ECB meeting.

Key Quotes

“In the six weeks since the last meeting, a number of GovCo speakers have reiterated President Draghi’s line from the last meeting that patience is need to give the ECB’s measures time to have an effect. And with two major elements of the March package (corporate bond purchases and the TLTROII) being rolled out in June, we expect the emphasis to remain firmly on the implementation and assessment of what has already been announced.”