Further ECB easing in June? - Danske Bank

FXStreet (Edinburgh) - Analyst Pernille Nielsen at Danske Bank, underlines that a very low inflation figures in April would derive in some sort of ECB monetary easing in May.

Key Quotes

“Nowotny downplayed expectations about more stimulus in May as he said that the ECB will only be able to really judge in June whether the trend of low inflation is strengthening”.

“Some ECB members have hinted at this before but the increase in euro PMIs yesterday implies we see a lower likelihood of more easing in May”.

“In our view inflation has to surprise on the downside and stay very low in April for the ECB to ease in May”.