At its meeting on 8th June, the ECB is likely to change its forward guidance, dropping the references to lower interest rates and expanding QE. But Mr Draghi will want to avoid stoking expectations of imminent policy tightening. So he is likely to repeat that the Governing Council has not discussed tapering QE, and that interest rates will remain low for a long time.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services