The European Central Bank meeting is today, with the announcement due at 1145GMT, and Draghi's press conference following at 1230GMT

Ryan did a huge preview, here: ECB preview: Draghi is going to give the market exactly what it wants

So, just a quickie from me:

  • The European Central Bank will leave interest rates unchanged
  • The ECB is likely to cut its inflation forecasts (falling oil prices, China slowdown)
  • Likely to say again that its bond-buying QE program is working as intended, although slowly
  • The ECB is likely to leave the asset buying program unchanged, but say it will do more if prospects for the economy weaken further
  • ("Do more" is likely, IMO, but not at today's meeting .... but, its coming)

For more, please check out Ryan's preview at that link above.

  • And, a little earlier I posted ECB meeting & Draghi press conference coming up - 5 things to watch
  • And, more: Citi on the ECB meeting today - What Will Draghi Say? How Will EUR/USD React?