The European Central Bank will meet today at 11:45GMT, while President Mario Draghi is expected to hold his usual press conference later, at 12:30GMT.

Prior surveys see the central bank leaving its benchmark rates unchanged today, although both the statement and the subsequent press conference by President Mario Draghi are expected to come in on the dovish side.

In fact, renewed concerns over the lack of traction of inflation in the region and recent softer-than-expected results from the region’s docket have prompted ECB officials to come up with less optimistic comments in past weeks.