Jul 4
ECB preview: Wait and see from the ECB?
The ECB policy board meets on Thursday June 4th. At the May ECB policy meeting the ECB lowered interest rates to a historic low of 1% from 1.25%, announced a plan to buy 60 bln EUR in covered bonds and extended liquidity auctions from six to twelve months. The ECB also lowered its growth and inflation forecasts. The main focus at the June ECB meeting will be whether the ECB elects to expand its asset purchases and if the ECB has concluded that 1% will be the low level for ECB interest rates.
