The meeting of the European Central Bank (ECB) is scheduled for tomorrow, followed as usual by the press conference of President Christine Lagarde. Analysts are in agreement in expecting a confirmation of the policy, while some news could come from Lagarde’s words. “While it is unlikely that the ECB will announce any changes in its policy, its communication will be examined – underlines Gero Jung, Chief Economist of Mirabaud Asset Management – In particular, issues related to the concept of” favorable financing conditions “will be monitored, which they have remained substantially stable since the March meeting ”. Indeed, short-term rates and sovereign yield curves are broadly unchanged from six weeks ago, but slightly higher for 10-year bonds. “In this regard – continues the expert – the” significant “increase in purchases promised, through the PEPP program, seems unambitious, with an increase of about 3 billion euros to 17 billion euros in weekly asset purchases recorded since March “. For the rest, no economic forecasts will be published, as they should be released at the next meeting in June.