ECB Minutes to be scrutinized for hints around the sequencing of the exit policy - TDS

The research team at TDS explains that the ECB releases the minutes from its 27 April meeting today, where Draghi sounded upbeat on the economic outlook, but delivered an otherwise dovish message, with no hints at all that it’s about to change its forward guidance at its next meeting in June.

Key Quotes

“We’ll be watching closely for any hints around the sequencing of the ECB’s eventual exit policy, and exactly what it needs to see before changing its forward guidance. It’s also an extremely busy day for ECB speak with Weidmann (8am BST), Mersch (8:50am and 1:30pm), Lautenschlaeger (1:45pm), Nowotny (1:50pm) and Draghi (6pm) all on the wires today.”