The ECB will announce the governing council’s policy decision at 1:45
p.m. Frankfurt time, or 7:45 a.m. Eastern on Thursday. Draghi’s monthly
news conference is set to begin at 8:30 a.m. Eastern.
Draghi will be under pressure to provide further clues to the ECB’s
likely policy measures nearly a month after he surprised investors by
making clear ECB monetary policy would remain loose for an “extended
period,” seemingly jettisoning the central bank’s previous refusal to
“pre-commit” on future rate moves.
No question, the euro zone has caught a break from the unrelenting gloom
that’s characterized the economy amid the region’s long-running debt
crisis. Purchasing-managers-index readings for the region have signaled
expansion in private-sector activity, while data on Wednesday showed the number of unemployed persons
in the euro zone fell in June for the first time in more than two
years. The drop, however, wasn’t enough to budge the unemployment rate,
which remained at a record 12.1%.
Bottom line folks all of this is a no brainier, print or ( ease ) as they call it or die.
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