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What Analysts Are Saying About The ECB's Big Decision Tomorrow
Tomorrow we get the last set of monetary policy decisions from the European Central Bank, announced at 12.45 p.m. GMT. President Mario Draghi is also up for a press conference, which kicks off 45 minutes later. Since the last meeting, a lot of European economic data has gotten worse, and it wasn't that pretty before anyway. Inflation is back down to 0.3% (the ECB is meant to achieve just below 2% inflation). Combined with the falling price of oil, markets are now pricing in outright deflation at the beginning of 2015. Despite those figures, most analysts are not expecting any major new easing from the European ... (full story)