ECB update

We failed to highlight in this mornings blog that the ECB will be announcing its latest rate decision followed by the usual press conference at lunchtime today. After the heightened expectations from last months meeting, we expect this one to be a bit of a damp squib. No new initiatives are to be expected today and we are sure that Mario Draghi will play a straight bat when questioned about the possibility of further measures until he sees the impact of the new initiatives.

Posted on July 3, 2014 .