The ECB will continue to observe the predominance of downside risks - Nordea
The European Central Bank during its next meeting, which will take place on Thursday, will adhere to a cautious stance with regard to the risks to economic growth, economists say Nordea.
"We do not expect any changes in monetary policy and guidelines provided by the ECB, so the central bank will continue to observe the predominance of downside risks and to declare that interest rates will remain at current or lower levels for an extended period after the end of the purchase program assets", - experts say.
The Nordea note that the ECB can refuse to mention the lower rates and the balance of risks for growth in central bank rhetoric may become "balanced"If Fransua Fiyon and Emmanuel Macron will be the second round of presidential elections in France. Most likely, changes in ECB rhetoric will take place in June.
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