Forex Flash: ECB to stay on hold for the foreseeable future - Rabobank

“The ECB’s view of the economy hasn’t changed,” analysts at Rabobank say, “and it still expects a stabilization and gradual recovery from 2013H2 onwards,” they add. “But it admits that weak economic activity has “extended into spring” i.e., longer than it had previously anticipated, and this triggered the rate cut,” Rabobank concludes.

From Rabobank: “Looking forward, we expect key ECB rates to stay on hold for the foreseeable future,” they suggest.