By Alessandro Albano
Investing.com – After the Strategy Review developed earlier this month, the European Central Bank could reveal the new forward guidance at the end of the monetary policy meeting on Thursday, as stated by president Christine Lagarde in an interview with Bloomberg.
With the new symmetrical inflation target of 2%, compared to the old “below but close to 2%”, for the ECB there is no rush to intervene on monetary policy instruments, maintaining its ultra dovish man approach. as the economic recovery in the euro area solidifies.
On the other hand, it may be difficult to see a further, more accommodative stance, although forward guidance could hold some surprises in this regard.
For tomorrow’s meeting, the analysts of Societe Generale (PA