Investors should expect no real drama when the European Central Bank (ECB) announces its latest monetary decision in Vienna on Thursday as the bank waits for its recent drastic measures to take effect.
No interest rate change is expected when the decision is announced at 12:45 p.m. London time but President Mario Draghi is expected to reiterate that the bank is ready to add more measures to its stimulus program, which already includes the use of zero or negative interest rates to encourage lending and a corporate bond buying program, which is being launched this month.
Markets will also be closely watching the latest monetary policy decision from the ECB on Thursday for hints on potential further stimulus measures as well as the bank's updated inflation and growth forecasts. Inflation and growth remain stubbornly low in the 19-country euro zone.
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