March 10 will be a meeting of the main eurozone fiscal authority. Market analysts s predict a decrease in interest rates on deposits, many say the expansion of the quantitative easing program.
Interest Rate Decision will be announced at 12:45 pm London time or 7:45 am ET. Press conference Mario Draghi will be held at 13:30 London time.
Since the last meeting of the bank officials in the currency bloc deflation reigns again: according to inflation, published last week in February, consumer prices fell by 0.2%, the first decline since September last year.
"Since January, expectations of further easing of monetary policy increased significantly," - said the chief UK and European economist at IHS Global Insight.
So will the decision of the European Central Bank or the Bank projected again disappoint investors?
Interest Rate Decision
The decision to leave rates unchanged will be the greatest disappointment for the markets. Most analysts expect the ECB to cut rates on deposits by 10 basis points to -0.4%. The refinancing rate is expected to remain unchanged at 0.05%.
Policy of negative interest rates in recent years has come under harsh criticism from many experts, since, in their opinion, it is this policy leads to the so-called currency war, which in turn has a negative impact on the financial conditions around the world.
Changes in the program of QE
The decision to leave the current asset purchase program unchanged in December, caught investors by surprise.This time, analysts are again hoping for the determination of the ECB, predicting an increase in the size of the monthly purchases of bonds for € 10-20 billion.
Analysts at HSBC, meanwhile, argue that this month the central bank will not make any changes to the program of QE.
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