It's a given the ECB will deliver its eighth straight rate hike of 25 bps, and confirm that the pace of quantitative tightening will pick up.
They might hike again in July and September, is the broad view, putting the inflation battle ahead of the growth slowdown.
Macro forecasts are also due but are unlikely to change ECB President Christine Lagarde's determination and view that "there is no clear evidence that underlying inflation has peaked".
Reuters GraphicsNever say never, but ING believes markets are "priced to perfection" for the ECB, with at least two rate rises, including Thursday's, in the price.
In Asia, Japan's stock market (.N225) continued to scale fresh 33-year highs, while China's economy continued to underwhelm.
Persons:
Vidya Ranganathan, It's, Christine Lagarde's, Jerome Powell, Hafize Gaye, Bank of England's Jon Cunliffe, Edmund Klamann
Organizations:
Vidya, European, ECB, ING, Fed, Bank of England's, Thomson
Locations:
U.S, Asia, China, Turkey, Brussels