ECB leaves monetary policy unchanged

ECB leaves monetary policy unchanged

Pantheon Macro's chief eurozone economist Claus Vistesen said not to expect fireworks at the press conference at 1.30pm (BST), the Telegraph reports.

"We think the ECB will signal today that it is taking working groups to come up with proposals to be delivered in Q4, but otherwise that all options are on the table. We think the central bank is trying to send the message that the degree of stimulus will be dialled down as the economy improves, but not removed altogether.''

ECB leaves interest rates at 0pc and€60bn-a-month quantitative easing programme in place until at least the end of the year.

No change and no surprise but it will be Mario Draghi's press conference that could steal all the headlines in 45 minutes.

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