What to expect from the ECB today? – RBC CM

Research Team at RBC Capital Markets, notes that the majority of market participants expect no changes in today’s ECB meeting, no announcements and all pending decisions to be deferred to the subsequent meeting on 08-December.

Key Quotes

“While we concur with this general assessment, we nevertheless think it is dangerous to be too complacent going into Thursday. As is usually the case, the press conference might well give some clues to which way the wind is blowing – and the release of some recent press stories highlighted how receptive markets are to any such clues.”