European Central Bank Could Announce Policy Tweaks After Shock Inflation Data

• Market watchers believe the European Central Bank (ECB) could fine-tune its policies this week, and may even follow the Federal Reserve by revising its inflation targets in the longer term.
• The ECB’s Governing Council convenes on Wednesday and Thursday to discuss its monetary policy stance and its assessment of the eurozone economy. Since its last meeting, economic data has shown signs of a slowing of the recovery, the euro has appreciated and core inflation slumped to a new record low in August.
• While the majority of analysts do not expect much policy action and think the ECB will wait until December, there is a remote chance of tweaks to its guidance this week, backed by new staff projections.

(Source: CNBC News)