Economics
ECB Hopes Economic Calm Buys Reflection Time: Decision Day Guide
- No change to interest rates or QE expected at Thursday meeting
- Focus will be on President Lagarde’s planned strategic review
This article is for subscribers only.
European Central Bank President Christine Lagarde can consider herself fortunate -- the euro-area economy has brightened just in time to allow her to focus on a strategic review that could last the rest of the year.
The Governing Council’s policy decision on Thursday will be dominated by the announcement of the first appraisal of its inflation goal since 2003, plus a deep dive into new challenges such as climate change and digital currencies. That’s partly because economic concerns have faded with U.S.-China trade tensions easing, Brexit back on track, and monetary support locked in.