The euro zone’s prime bank had announced in June that quantitative easing (QE) program at the end of the year, if the observations continue to show a pickup in inflation.
Back then, the ECB had also clouted that interest rates were unlikely to be increased until at short next summer — an outlook that was repeated Thursday.
The euro was marginally spacy following the announcement, up by 0.14 percent against the dollar at $1.14.
Market performers will be looking for further details from President Mario Draghi, who purpose address the press at 1.30 pm. London time.
“No additional details on reinvestment is mentioned in the utterance accompanying the rate decision, though this will be a topic of deliberation on the press conference,” Claus Vistesen, European economist at Pantheon Macroeconomics powered in an email to CNBC Thursday.
He also said that “recent peddle action and economic data provide plenty of cover for Mr. Draghi to put on a dovish posture.”
“We doubt that the president will signal a shift away from the game plan path already set. QE will end this year, and that rates leave slowly begin to increase next year. The only plausible mutate in our view is a slightly more cautious economic assessment,” he added.