ECB meeting is significant - BBH

Research Team at BBH, suggests that the forthcoming ECB meeting is significant as staff forecasts will be updated. 

Key Quotes

“Two things are patently clear.  The economy does not have much forward momentum.  Price pressures remain disappointingly subdued.  Also, it is safe to assume that despite Draghi's pleas, the reform drive has stalled, or worse.  Nor is there much prospect for fiscal stimulus.  Yes, the tragic earthquake in Italy could see a bit more spending, and while it may be significant for the rebuilding efforts, it is unlikely to be on a sufficient scale.  It is small enough for to meet Brussels' muster, it probably will not do much on the national level, let alone the region.”