ECB: No action today – Rabobank

Analysts at Rabobank suggest from the ECB, who will be holding their monthly meeting, we won’t see any action of any kind today.

Key Quotes

“Instead, we will be looking carefully at Mr Draghi’s guidance on when we might see some kind of movement, and in what form. Yet given that there is so much that is potentially –and literally- up in the air, it’s hard to see how the ECB President is going to allow himself to be tied down too precisely; and for once he might be absolutely within his rights to equivocate!”