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(26 OCTOBER 2017)DAILY MARKET BRIEF 1:ECB meeting: a subtle balance between hawkish and dovish

Today, the main event is obviously the ECB meeting with announcement of the interest rate decision at GMT 11:45 followed by a press conference at GMT 12:30. The question is not whether the European Central Bank will keep interest rates unchanged, nor whether Mario Draghi will announce a reduction of the asset purchase program, but rather the size and timing of the latter. The market is expecting the ECB to trim its monthly purchase by €20bn down to €40bn, while the program should be extended by at least six months (June 2018) if not nine months (September 2018).

The post (26 OCTOBER 2017)DAILY MARKET BRIEF 1:ECB meeting: a subtle balance between hawkish and dovish appeared first on forexarabicnetwork.com.

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