ECB Now Expected to Delay Changes to its Guidance on Future Policy
- Economists adjust outlook for first benchmark-rate increase
- Guindos seen taking slightly dovish stance as vice president
ECB Interest-Rate Guidance ' Rather Vague', Says Bundesbank President
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Economists no longer predict the European Central Bank will change its guidance on future policy at the Governing Council’s March 8 meeting.
Instead, the analysts surveyed regularly by Bloomberg forecast policy makers to pare back their pledge on asset purchases by June, and to set an end date for the stimulus program by July. Tweaks to the guidance on interest rates, which currently foresees no change until “well past” the end of bond buying, are only expected by September.