eFXdata reports that Barclays Research discuss ECB policy trajectory.
'The EUR continues to bring up the rear among our G10 forecasts, as its economy lags its peers and monetary policy faces no realistic chance of normalisation within the next few years. While the economy is expected to bounce back vigorously over the next year, it is only catching up after a larger and more protracted downturn than other G10. While inflation has picked up and there are risks that some minority voices within the ECB’s Governing Council will mimic voices from other central banks on normalising policy, we expect the core of the Council to hold firm and keep policy ultra-loose for the foreseeable future," Barclays adds.
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