###(2/2) Barclays: Believe GC will.........>

ECB VIEW: ###(2/2) Barclays: Believe GC will discuss options of QE taper but

don't expect policy change in June, but July. Expect staff projections to show

slight downward revision to near term growth & upward revision to headline CPI.

- Commerzbank: ECB likely to indicate end of QE this week but with core

inflation probably remaining subdued next year, a meaningful rate hiking cycle

will likely not take place.

- TD: Believe ECB will delay decision on QE to July meeting. Draghi need to

strike a delicate tone, expressing enough confidence in recovery to justify end

of QE, while acknowledging growing downside risks. 

- Nordea: Decision on ECB APP could come this week, though find July a slightly

more likely timing. Expect a tapering announcement to be packaged with dovish

guidance on rates and expect 1st rate hike in Dec 2019

- Citi: Expect interest rates to remain unchanged, as should be the guidance on

interest rates, asset purchases and reinvestments, this is an important meeting.

- Jefferies: Expect ECB to wait until July to make announcement on QE which

would be cut by E10bln p/m for 3-months