eFXdata reports that SEB Research discusses its expectations for the ECB meeting.
"No new monetary policy measures are expected. We regard it as likely that monthly net PEPP purchases will be EUR 70-75bn in Q4 this year and Q1 2021, down from EUR 80-85bn in Q2-Q3. No new macro forecast. ECB's forecast is on the optimistic side compared to consensus and some recent data has been on the downside like September IP. We expect the ECB to acknowledge higher inflation but reiterate that the upturn is transitory," SEB notes.
"No decision on the PEPP’s future or what will replace it at this meeting (most probably in December). ECB will reiterate its commitment to prevent a premature tightening of financing conditions and the flexibility of the PEPP and possible recalibration of purchases if necessary," SEB adds.