Main focus on the drop in 5Y5Y inflation expectations that are again far below the ECB's 2%-target
The lower oil price and stronger EUR are threatening the ECB's outlook for higher inflation
Core inflation has jumped recently but there is a looming risk of indirect effects of the lower oil price
The ECB is likely to express concern about spill-over effects from weakness in China and the equity sell-off
Domestic demand is still looking to strengthen but any downside risk will be monitored closely
See the five charts illustrating why we expect the ECB to express a dovish stance at the September meeting
See the five charts we believe the ECB will consider before stepping up its monetary easing.
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