Markets Await ECB Decision And US Inflation Figures, What’s to Come?

The European Central Bank will announce its decision at 11:45 GMT, and if it does not cut back on purchases, the Euro may fall. The press conference begins at 12:30 GMT, on the other hand, the US will release CPI data and unsurprising inflation numbers may lead to a rebound in the EUR/USD pair.

The European Central Bank is expected to leave monetary policy unchanged at Thursday’s meeting with the deposit rate at -0.50% and the total PEPP at 1.85 trillion euros, but the question arises about the current pace of buying and whether a return to The normal pace of purchases may boost the Euro, meanwhile, there are reasons to expect the European Bank to continue to support the economy.

The key phrase to look out for is whether the ECB expects to buy debt under its PEPP at a “significantly higher pace than during the first months of the year.