ECB preview: Shadow boxing

From think.ing.com

A lot has changed since the ECB's January meeting. The first inflation readings of the year have immediately outdated the ECB’s own inflation projections, bond yields started to rebound and the extension of lockdowns in many eurozone countries has worsened the short-term economic outlook. At this week’s meeting, the ECB will not only present its latest economic forecasts but it's also expected to shed more light on its assessment of the recent increase in bond yields, and, more importantly, present its policy options to tackle the increase. In December, the ECB’s macro projections foresaw GDP growth to come in ... (full story)