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What To Expect From ECB? - Goldman, BofA, Citi, Morgan Stanley, & Others

From efxnews.com

The following are the expectations for the ECB June policy meeting by the economists at Goldman Sachs, Bank of America Merrill lynch, Citibank, Morgan Stanley, Nomura, and other leading banks. For possible EUR response, see the links at the end of each bank's expectation. GS: At the policy meeting on June 5, we expect the ECB to shift the policy rate corridor down by 15bp, taking the deposit rate negative, and to deliver a set of measures to ease credit conditions. Our central scenario is that the ECB will also announce a long-term operation (3-4 years) restricted to certain categories of loans (e.g., those to small- ... (full story)

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