Reuters report the ECB will put off substantial discussion of changing monetary policy until well into 2018
- This is not a surprise given their October decision to continue with asset purchases until the end of September 2018 or beyond.
- The report also suggested ECB staff will upgrade their economic forecasts -also not a surprise given the strong Eurozone economic data.
- Tonight's release of the minutes from the ECB's October meeting may confirm these reports
- Also out tonight is the November PMIs for the Eurozone which have been tracking very strongly this year
- EUR/USD moved back above 1.1800 following the release of the FOMC minutes. AUD/EUR was relatively steady.
via CBA's morning note for today.
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Mike had the headlines on that Reuters report here: ECB aiming to postpone any substantial discussion of next move until well into 2018
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ECB minutes are due at 1230 GMT 23 November 2017
