ECB is likely to stand pat for several meetings - BBH

Research Team at BBH, suggests that the ECB releases minutes from its last policy meeting.

Key Quotes

“At that meeting, the ECB left policy unchanged but gave the markets more details about its corporate bond buying program (CSPP), which it then started the following week.  Given that the CSPP has just begun and other measures are still relatively young, the ECB is likely to stand pat for several meetings.  The next one is scheduled for July 21, and no action is seen then.”