ECB: Rates seen unchanged, focus shifts to QE – UOB
|UOB Group’s Economist Lee Sue Ann comments on the upcoming ECB meeting.
Key Quotes
“The revised forward guidance from the July meeting shows the ECB can tolerate above-target inflation that is transitory.”
“As such, the ECB will accept any temporary overshoots of its new symmetric 2% inflation target, particularly when monetary policy is at the effective lower bound and strong policy action is needed to ward off below-target inflation expectations – as is currently the case.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.