FXStreet (Delhi) – Research Team at Deutsche Bank, suggests that following the ECB meeting yesterday, our EU economists have revised our ECB call and now forecast further easing at the next meeting on 10 March. Key Quotes “With the downside risks to growth seen as building the ECB appears keen to take out insurance on the euro area's recent resilience. In addition, for the Council to believe that inflation will be on target in the medium-term requires more policy easing. The tone of the announcement suggests that ECB policy should ease in March. Our baseline expectation is a 10bp deposit rate cut and a change to the asset purchase programme. Absent a major euro area crisis, we see the latter going no further than a front-loading of purchases, i.e., a temporary acceleration in the pace of QE, and may be less than this if the global risks recede by March.” For more information, read our latest forex news.