The European Central Bank (ECB) is expected to follow the U.S. Federal Reserve (Fed) and announce monetary easing measures on Thursday, if not before. With policy rates already at negative levels, we expect focus on targeted lending front asset purchases, and less emphasis on risk free interest rates. Read more.
The ECB's next meeting will be Christine Lagarde's first real test as new ECB President - marking an end to a honeymoon-like period in which she was planning to focus on the central bank's strategic review. Instead, we expect the ECB to announce a battery