ECB Seen Deferring Action for Now as Brexit Impact Gauged: Chart

Economists in a Bloomberg survey predict the European Central Bank will keep policy unchanged on Thursday but announce fresh measures before the end of the year, probably in September along with updated forecasts. Officials meet a week after the Bank of England opted not to cut rates in the immediate wake of the U.K.’s vote to quit the European Union, instead saying it will probably ease in August. Of economists saying the ECB will add stimulus eventually, 97 percent expect it will extend bond buying past March 2017, almost 40 percent said it’ll cut the deposit rate, and less than 20 percent envisage higher monthly QE purchases.