13 July 2020 The Week Ahead: ECB and BoJ expected to be on hold; important global data week

Eurozone: ECB expected to be on hold with wait-and-see stance. We and the consensus expect the ECB to maintain a steady policy at its 16 July meeting after it expanded its pandemic emergency purchase programme (PEPP) by EUR600 billion to a total of EUR1,350 billion at its June meeting.

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