Research Detail
| 2024/07/18 / Erste Group Research |
Data confirms ECB expectations At the meeting of the ECB Governing Council that ended today, the key interest rates were left unchanged, as had been expected. There was also no news on the outlook. President Lagarde reiterated that all future decisions would depend on incoming data. In our view, the next rate cut in September remains the most likely scenario, which should be followed by further rate cuts by the end of the year. The data published to date is consistent with the ECB's expectations and, in our view, confirms that the economy is only recovering slowly and that inflation will ultimately fall in services. |
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General information
| Author | Erste Group Research |
| Date | 2024/07/18 |
| Language |  |
| Product name | Short Notes Major Markets |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | Eurozone |
| Currency in focus | Euro |
| Sector in focus | - |
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