ECB meeting will be very closely monitored – Natixis

In the Eurozone, following the publication of inflation figures for May; lower than expected, the ECB meeting on 8th June will be very closely monitored suggests Jean-François Robin, Research Analyst at Natixis.

Key Quotes

‘Indeed, the hard data available are drawing a mixed picture of the economic situation. Thus the reading of the current and expected developments by the governors should give a quite good view of the next steps of the monetary policy. At this stage we are waiting for the post-meeting statements of Mario Draghi. Even though we do not foresee this time a change in the current monetary policy we expect that the guidance could change. Thus the current accommodative bias of governors’ speeches might be removed. This should be a first step to prepare the market to a future change.”