POV: Draghi, Can I Ask a Question Before You....>

ECB: POV: Draghi, Can I Ask a Question Before You Go, Please?

Following September's comprehensive easing package and ahead of Christine

Lagarde taking over the mantle, there is a unanimous consensus that no new

policy will be announced at Thursday's meeting. The sell-side is still expecting

further deposit rate cuts in either Dec or Mar and there are also some

expectations of an increase in the pace of QE at later meetings. This will leave

the focus on the Q&A in the meeting.

- The main questioning is expected to be around the internal disagreements as

some GC members who are generally thought to hold fairly neutral views have

aired their disagreements with September's policies publicly.

Other questions expected to be asked include:

- Issue/issuer limits: One of the main points of interest but we expect little

clarity to be given on this issue until the extent of the slowdown in the

Eurozone economy becomes clear. (1/2)