ECB expected to hold 2.50% deposit rate; hike in December
A Reuters poll says the ECB is expected to keep the deposit rate at 2.50% this month, then raise it by 25 basis points in December as inflation nears double the ECB’s 2% target.
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A Reuters poll says the ECB is expected to keep the deposit rate at 2.50% this month, then raise it by 25 basis points in December as inflation nears double the ECB’s 2% target.
A Reuters poll cited by Indradip Ghosh expects the ECB to hold its deposit rate at 2.50% this month but raise it in December as inflation runs nearly double its 2% target.
The euro stabilized around $1.155, close to its weakest level in a month, as the US dollar remained supported ahead of today’s Federal Reserve decision. US policymakers are widely expected to raise interest rates by 25 basis points, marking the first hike in three years, with markets also looking for guidance on the pr
**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%