eFXdata reports that Credit Agricole CIB Research discusses its expectations for ECB policy meeting.

"The focus now turns to the 22 July policy meeting as investors try to learn more about the impact of the changes of the ECB’s inflation target on its policy outlook and tools from here. The updated policy framework should make the Governing Council more committed to its dovish policy stance. In particular, this would imply using PEPP and APP, as well as keeping rates low for longer than before. A confirmation of this view by President Christine Lagarde would reaffirm the market’s perception that the ECB has turned more dovish and thus boost the appeal of the EUR as a funding currency," CACIB adds.