Portugal Consumer Price Index (YoY): 0.4% (February) vs previous 0.8%

We are just a few hours away from the most challenging central bank meeting in living memory. The following are the expectations as forecasted by the economists and researchers of 10 major banks. After last meeting’s package of measures and introduction of negative rates and as a consequence of the renewed weakness of inflation and its potential impact on long-term inflation expectations, all the 10 major banks are expecting Mr.Draghi to announce a number of additional easing measures including the a further 0.10-0.20 percentage point reduction in the deposit rate, a further extension of the duration of the QE programme, and to increase the amount of monthly QE purchases.