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3 Apr 2013
Forex Flash: ECB meeting holds intrigue heading into tomorrow – Deutsche Bank
FXstreet.com (Barcelona) - According to Slovenian central bank head and ECB governing council member Marko Kranjec, savers have not been pulling out deposits from Slovenian banks. "The way the situation in Cyprus was being solved did not influence the confidence of our depositors" added Kranjec. According to Reuters Slovenian banks reportedly have around EUR7bn of bad loans, equivalent to 20% of GDP.
Looking forward we have an interesting ECB meeting coming up tomorrow and the market is starting to ponder what Draghi may say at his usual press conference. “All eyes will be on his economic outlook but also more importantly on his thoughts on Cyprus and/or any mention of other unconventional policy options. Given how disappointing the data has been, markets are hoping for something from Draghi tomorrow.” Writes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.
Looking forward we have an interesting ECB meeting coming up tomorrow and the market is starting to ponder what Draghi may say at his usual press conference. “All eyes will be on his economic outlook but also more importantly on his thoughts on Cyprus and/or any mention of other unconventional policy options. Given how disappointing the data has been, markets are hoping for something from Draghi tomorrow.” Writes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.