Natixis: today Mario Draghi will at least say something new

The main event of today will be the decision of the ECB on monetary policy, and, given the statements of Mario Draghi that the future of the QE program will be discussed in the fall, this discussion is likely to begin today.
In any case, today we must at least learn something new. To prepare the market with the gradual curtailment of the asset purchase program, starting next January, some decision on this issue should be announced today or in October. According to our forecast, the duration of the QE program will be extended, as the acceleration of economic growth and inflation has been balanced by a sharp rise in the euro exchange rate and the strengthening of geopolitical uncertainty. However, the issue of specific deadlines remains open.

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