ECB expected to keep rates on hold – UOB

Lee Sue Ann, Economist at UOB Group, sees the ECB leaving the policy rate unchanged at its meeting later on Thursday.

Key Quotes

“The ECB remains the main propagator of ‘whatever it takes’. Thus, with the latest inflation readings well short of the ECB’s 2% price stability target, the prospect of further loosening of monetary conditions before year-end remains high.”