ECB policy is the big event this week - UOB

Analysts at UOB explained that the ECB meeting on Thursday is the big event this week.

Key Quotes:

"We expect policy to be left unchanged.

However, we do except the overall tone of the accompanying statement and ECB President Mario Draghi’s press conference to be dovish, given the uncertain economic and political uncertainty.

There is also a good chance that the ECB may adjust its bondpurchase programme to raise the allocation to the higheryielding, more-indebted countries, due to the increasing shortage of government bonds meeting the central bank’s minimum yield of -0.4%."