ECB Preview: Forecasts from 12 major banks, the final 25 bps? ECB InterestRate EURUSD Macroeconomics Banks
is set to announce its Monetary Policy Decision on Thursday, July 27 at 12:15 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of 12 major banks.
At the June meeting, the ECB raised its key interest rates by a quarter of a percentage point. The ECB is expected to raise rates by 25 basis points. The focus is on what the ECB will do after July.We expect no policy surprises and little new information from the July meeting. The Council will try its best to avoid overly committing to a hike or a hold in September, as they await key incoming data and new staff projections. The communication challenge doesn’t stop there.
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