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2021/07/16 / Erste Group Research

ECB: Forceful and persistent towards 2%

The ECB meeting next week will already bring the first implementation steps of the new monetary policy strategy. The current expansionary stance of monetary policy will remain unchanged, but there will be a few verbal adjustments. According to the ECB, the introductory statement to the press conference will be less technical, easier to understand and more narrative.

Next week (July 23), the first flash estimate of Eurozone, German and French PMI data for July will be published. In July, the key question is whether the rapidly rising number of COVID-19 cases in some Eurozone countries, amid concerns about significant retrenchment measures, will possibly weigh on sentiment in the services sector.

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General information

AuthorErste Group Research
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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