ECB deposit rate holds at 2.5%
ECB deposit rate was 2.5%, matching the 2.5% forecast and above the prior 2.25%.
Find public news by keyword, exact ticker, category and date.
Open a ticker page for its news coverage. The news search below stays a text search.
3 results loaded, newest first. End of these results. The latest changes are still being indexed. Try again shortly for updated results.
ECB deposit rate was 2.5%, matching the 2.5% forecast and above the prior 2.25%.
Euro was little changed at $1.165 as investors weighed data and awaited Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. France and Spain inflation prints support expectations for an ECB September rate hike.
**Notes/Observations** - Month-end data flow was broadly constructive for the eurozone but added to the ECB's policy dilemma. French preliminary June CPI surprised to the downside at 1.8% y/y (vs 2.0%e), bringing headline inflation back to target for the first time in three months, while French consumer spending (+0.5%