Currently all analysts following the economic developments in Europe have their eye on the policy meeting of the European Central Bank.
As expected, the ECB chose not to increase interest rates. ECB President Mario Draghi has been clear on that note, stating multiple times that Europe’s central bank does not intent to implement any rate hikes at least until the middle of 2019, in order to give the eurozone more time to stabilize.
From next month the extensive stimulus program of the European Central Bank begins to wind down. The monthly asset purchasing by the ECB will drop from 30 billion euro to 15 billion, and it scheduled to end completely in December.
Things that might put a wrench in the ECB’s plans that still need to be monitored are Brexit negotiations, the global trade climate (especially in terms of how tariffs are affecting growth), and the developments in Turkey.
