ECB's monetary easing likely next meeting

ECB's Executive Board Member Peter Praet has given a hint of monetary easing is in the agenda of the ECB's meeting. He is appeared to be highly concerned about low inflation expectations in the euro area.

A structural problem in the global economy is is foreseen as the oil price is expected to fall again. 

"The falling inflation expectations could also signal that the market simply does not believe in the ECB's ability to influence inflation long term. All in all not exactly positive news and therefore not a good omen for the euro. The ZEW economic outlook would have to surprise notably on the upside to improve sentiment for the euro", says Commerzbank.