Detail analýzy
| 01.03.2024 / Erste Group Research |
Will ECB set new course? An important meeting of the ECB Governing Council is coming up next week. Although a change in key interest rates can be virtually ruled out, the course could be set verbally in the direction of a first rate cut. The current key wording in the Governing Council's press release signals to the markets that key interest rates have probably peaked. We expect an amendment here and a text that prepares the markets for a foreseeable first rate cut. This week, Statistik Austria published an estimate of Austrian GDP growth in 2023 and GDP components of 4Q23. According to this, the Austrian economy contracted by -0.8% y/y in 2023, which is in line with our expectations (-0.7% y/y). The decline in economic output amounted to -1.7% y/y in 4Q, whereby the development stagnated compared to the previous quarter (+0.0% q/q). |
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Základní informace
| Autor | Erste Group Research |
| Datum | 01.03.2024 |
| Jazyk |  |
| Název produktu | Week ahead |
| Hlavní téma | Makro/Úrokové sazby |
| Zaostřeno na ekonomiku | Eurozóna, Spojené Státy |
| Zaměřeno na měnu | Americký dolar, Euro |
| Zaměřeno na sektor | - |
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