Natixis: Mario Draghi today, at least say something new
The main event today will be the decision of the ECB’s monetary policy, and given the statements of Mario Draghi that the fate of QE program will be discussed in the autumn, this debate is likely to begin today.
In any case, today we have to at least learn something new. To prepare the market with phasing out asset purchase program, starting next January a decision on this matter should be announced today or in October. According to our forecast, the duration of the QE program will be extended, as an acceleration in economic growth and inflation equalize rapidly rising euro and increased geopolitical uncertainty. However, the question remains open of specific dates. Source: Forexpf.Ru – Forex Market News
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