ECB could revise inflation higher

FXStreet (Edinburgh) - The European Central Bank could revise up its inflation forecasts for the upcoming periods in light of the recent CPI results in the euro area, emphasizing at the same time the benefits of the ongoing ‘quantitative easing’ programme.

While rates are expected to remain unchanged, the central bank is expected to bypass any form of QE taper, pointing instead to a full implementation of the bond-buying programme. Regarding Greece, a brief mention could be expected (if any at all).