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Draghi Seen Choosing Faster Exit Once French Hurdle Cleared

  • Economists now expect ECB to change forward guidance by June
  • Euro surged as tension eased after French election first round
Bloomberg business news

ECB to Meet in Wake of French Election

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Mario Draghi may be willing to take a faster route to monetary-policy normalization than economists previously thought.

While no changes to interest rates or asset purchases are expected at Thursday’s meeting, most respondents in a Bloomberg survey say the European Central Bank president will revise forward guidance as early as June, six months sooner than in an earlier poll. Economists also reduced their estimate for how long it will take to taper quantitative easing and brought forward their predicted rate hike.