Newsquawk Central Banks - PREVIEW: ECB Policy Announcement due Thursday 10th March 2022
SourceNewsquawk
SectionECB
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- ECB policy announcement due Thursday 10th March; rate decision at 12:45GMT/07:45EST, press conference from 13:30GMT/08:30EST.
- Balance sheet set to be unwound this year, however, Ukraine/Russia conflict will likely see policymakers avoid committing to a specific date at the upcoming meeting.
- Talk of a 2022 rate hike by the ECB is likely to be put to one side for now.
- Economic projections will be subject to greater uncertainty than usual given volatility in the crude space.