Mario Draghi may need to raise the bar guilty will be crude oil.
More than 60 percent of economists surveyed by Bloomberg predict that the president of the European Central Bank will announce increased incentives this year, compared with 40% in December, after the renewal of the decline in oil prospects in the euro area inflation decreased. Fifty-seven percent of them expect that Draghi will expand monthly bond purchase current € 60 billion ($ 66 billion), while 53% predict a reduction in the interest rate on deposits.
"If oil prices remain at current levels, the ECB probably will not just sit waiting remains to hope for the best," said Holger Zandi, chief European analyst at Nordea Markets in Copenhagen. "We could see more easing as early as in March."
The Management Board will meet on Thursday in Frankfurt. Economists predict that the ECB will keep interest rates unchanged grounds this week.
Inflation stood at 0.2% in December, lower than expected. Analysts forecast the rate to be negative in the coming months before recovery in the second half of the year
E.Dimitrov JrTrader
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