ECB forecast very similar to where it was in JuneRisk still remains elevatedMeeting-by-meeting approach is still rightWe are in good place on inflationLagarde was clear that we don’t see France stress
Expect more comments from ECB members today as it’s usually the case after the rate decision day. The rate cut cycle has ended for the ECB and they will need significant reasons to cut further. The market is pricing just 4 bps of easing by year-end and 14 bps by the end of 2026.
This article was written by Giuseppe Dellamotta at investinglive.com.