ECB: Risks to the policy remain skewed towards additional easing - Rabobank

Analysts at Rabobank suggest that today we have the ECB meeting but, the meeting itself will not be interesting.

Key Quotes

“The ECB already gave away more policy changes than we had expected in March, so we expect April to add no new policy decisions. We believe that risks to the ECB’s policy remain skewed towards additional easing.”

“Last week, discussions about a potential tiered deposit rate system suddenly appeared, but we don’t expect this to be implemented in the near future. Instead, it could make a relatively more generous TLTRO-III pricing the path of the least resistance if there is division in the Council.”