ECB preview: what is expected, what is priced in and what could surprise
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bearish | 1.1000 |
ING | Bullish | 1.1300 |
MUFG | Neutral | 1.1200 |
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The European Central Bank is widely expected to raise its deposit rate by 25 basis points to 2.50% today, with the move already fully priced in by the markets. With the rate decision itself unlikely to provide much of a surprise, the focus will be mainly on President Lagarde’s pr
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4 itemsECB preview: A rate hike expected as markets focus on Lagarde, inflation and future policy
ECB preview: What major banks and analysts expect from Lagarde and interest rates
The ECB is expected to raise interest rates by 25 basis points today, reaching a deposit facility rate of 2.50%. However, the real focus will be on President Lagarde's signals regarding future rate hikes, amidst mixed expectations from major banks. Per the full note [source], Barclays and Danske Bank believe that Lagarde will keep options open for further action without committing to any explicit guidance. With market attention turning towards inflation and energy prices, any signs of hesitancy from the ECB could shift sentiment in the EUR/USD pair significantly.
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