Following the relatively data-insensitive June rate cut, European Central Bank (ECB) speakers have stood firm on the message of data-dependency.
Following the relatively data-insensitive June rate cut, European Central Bank speakers have stood firm on the message of data-dependency. Next week’s ECB meeting likely to take stock of the available data and compare it to the latest forecasts, Senior European Economist at Societe Generale Anatoli Annenkov notes. Possible rate cut in September “Following the relatively data-insensitive June rate cut, ECB speakers have stood firm on the message of data-dependency.
Next week’s ECB meeting is therefore likely to mainly take stock of the available data and compare it to the latest forecasts, with the press conference likely to be the most interesting part.” “We still believe the risks to inflation are to the upside, possibly forcing the ECB to pause any rate cuts in December. The Governing Council may also have some initial discussions on the upcoming Strategy Review.
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