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ECB Preview: Draghi's Waltz in Vienna With Brexit, Higher Inflation F'cast
It is pretty obvious that the oil price development has straight forward inflation implications and with oil prices almost 90% higher compared to their cyclical lows from January, European Central Bank (ECB) policymakers are ready to announce the first upward revision to the inflation forecasts since the asset purchasing began in January 2015 as they gather for the Governing Council meeting in Vienna on Thursday. With the announcement of extended asset purchasing from March materializing only this June, monetary policy decisions are expected to be frozen for now. Neither the deposit rate, already at a negative ... (full story)