Developments over the last month have not clearly met either of the ECB’s two “contingencies” for further policy action. Nonetheless, the ongoing danger of deflation and dovish signals from several Governing Council members – not least Bundesbank President Jens Weidmann – suggest that further stimulus is still in prospect. And given the ECB’s recent apparent predilection for surprise, an April move cannot be entirely ruled out.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services