ECB: Expect slightly dovish tone to the March minutes - TDS

Analysts at TDS point out that today we get the ECB minutes from last month's meeting and will be a key event for today’s session.

Key Quotes

“The March meeting saw the first major change in language since the ECB introduced the reinvestment pledge in Oct 2017, and before that, dropped "or lower" (on rates) in June 2017. Draghi's explanation during the press conference for the change in language was a rather dovish one, focused more on redundancy of language than on upbeat developments, so we could see a slightly dovish tone to the March minutes.”