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Europe Week Ahead: ECB Speakers, EZ IP, -HICP, German ZEW, UK Employ, -CPI
Several ECB speakers are scheduled for next week, including President Draghi, Coeuré and Noyer. We believe that the main point of focus will be on the BoE-ECB joint paper as well as Draghi’s comments on the topic of ABS regulation at the IMF spring meetings this weekend. In this respect, markets will closely monitor any further hint as to potential unconventional actions, in particular private debt purchases. While acknowledging the need to strengthen the ABS market, the ECB has remained cautious about private debt purchases and Draghi’s comments could have a more potent impact on markets than data. Eurozone ... (full story)