The European Central Bank has left little doubt it will keep interest rates unchanged today as policymakers head for their three-week summer break, although a cut later in the year could still be on the cards.
It is also expected to deliver no surprise on the other publicised issue of the day: approving Bank of France Governor Mr Jean-Claude Trichet to take the ECB's helm from November 1.
ECB policymakers in the past have even held their meetings by telephone conference at this time of year, giving themselves a head start on their summer holiday but this time a secret ballot is required to give Mr Trichet the council's official blessing, something his colleagues must do in person.
A favourable opinion from the ECB, and one from the European Parliament expected in September, will clear the way for euro zone governments to appoint Mr Trichet for an eight-year term.
The ECB's rate announcement is due at on Thursday, but no explanatory news conference is scheduled until after the central bank's following interest rate decision on September 4th.
None of the 64 economists polled by Reuters last week expects a rate move at Thursday's meeting. The ECB last changed rates in early June, cutting borrowing costs by half a percentage point to 2 per cent, a record low.
Yet analysts still reckon the ECB will deliver more monetary easing later this year, as the economy continues to misfire and with inflation expected to trend down.
The euro, currently around $1.15, is not adding rate cut pressure now but renewed dollar weakness could spur calls for easier money.