The European Central Bank is meeting on Wednesday 10 April 2019, not their usual Thursday this month.
I posted earlier on the meeting here:
Société Générale
- should be a low-key event after the central bank pushed back the first rate increase to 2020 and announced plans to offer new TLTROs, starting after the summer.
- Expectations of an ultra-dovish outlook are fully entrenched following the collapse in 10y EGB yields to negative territory.
Westpac:
- April's meeting follows a significant dovish shift in March … they have factored in weakness persisting through H1 2019
- large downward revisions in the economic projections
- the extension of interest rate policy forward guidance to rates expected to be on hold at least through the end of 2019
- and the announcement of a new Targeted Long-Term Refinancing Operations (TLTRO) package in response to the upcoming maturities
