Analyst: Trade Uncertainty Will Lead the ECB to Avoid Forward Guidance

According to ChainCatcher, FP Markets analyst Aaron Hill pointed out that although the forward guidance from the European Central Bank's meeting on Thursday is drawing the most attention, it is unlikely to have a significant impact on the market. "There is too much uncertainty surrounding current policies, and a trade agreement between Europe and the US has yet to be finalized," Hill stated.

He believes that forward-looking assessments of growth and inflation will be the main focus, especially regarding the interest rate trajectory. However, given the ongoing uncertainty in trade negotiations, the central bank is expected to remain cautious about making any definitive statements.