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ECB is prepared to set the market up for a rate cut in June - Kathy Lien

By FXstreet.com,  May 03, 2012, 03:32:00 AM EDT

FXstreet.com (Barcelona) - The ECB will most probably leave interest rates unchanged in April, as the majority of analysts agree. According to Kathy Lien, Director of Currency research for GFT, poor economic data coming out from the Eurozone recently is inclining ECB President Mario Draghi towards relaxing the monetary policy: "Spanish and Italian 10 year bond yields have increased since the April meeting and collectively this means the pressure is on for the ECB to ease."

Nevertheless, the expert does not expect any moves at today's meeting: "With this in mind, the central bank is not expected to act quickly. Monetary policy will be left unchanged with interest rates held steady at 1.00 percent. The most that the ECB is prepared to do is set the market up for a rate cut in June."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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