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- No change likely from ECB meeting, likely on hold through 2020 - Barclays
No change likely from ECB meeting, likely on hold through 2020 - Barclays
Barclays Research discusses its expectations for ECB policy meeting.
"The monetary policy meeting will take place on 12 December, and this will be the first one chaired by Christine Lagarde. We expect her to reiterate the need for maintaining an accommodative policy stance in the current economic environment, and the call to euro area governments to support ECB action with appropriate fiscal policies. She will present the updated macroeconomic projections, which we believe will remain broadly unchanged from September, and we expect her to repeat the message of patience delivered by outgoing President Draghi at his last meeting in October. Given our view on the economic outlook for 2020, we now expect monetary policy to remain unchanged for the whole of 2020," Barclays adds.
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