Currency moves complicate ECB's decision

Currency moves complicate ECB's decision
European Central Bank building in Frankfurt

The fact that an interest rate rise is unlikely until 2018 is the key consideration for Ireland, writes Constantin Gurdgiev

Today’s ECB Governing Council meeting is important for three key reasons.

Firstly, the meeting is one of only four council deliberations each year that presents new Staff Economic Projections (SEP) - the basic summary of key statistics and forecasts on which ECB policy decisions rest.

The new update will have to take into the account quite a lot in terms of new data. The improving outlook for global and euro area growth (with euro...

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