ECB: Expectations of an ultra-dovish outlook are fully entrenched – Societe Generale

Analysts at Societe Generale offer a brief preview of what to expect from this Wednesday’s European Central Bank (ECB) monetary policy meeting.

Key Quotes:

“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.”