July ECB Cheat Sheet: No lull in sight
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https://think.ing.com/articles/july-ecb-cheat-sheet-no-lull-in-sight/
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September ECB Cheat Sheet: Pick your poison
The desk believes the ECB will opt for a cautious approach in its upcoming meeting, weighing the risks of overtightening against inflation underestimation. This cautious outlook stems from recent positive inflation data and economic growth, as outlined in the source commentary. Per the full note, a 25bp rate hike to 2.50% is anticipated, and signals of a dovish tone may surface to reassure the bond market amid instability. This aligns with our current consensus outlook, projecting the EUR/USD will sit around 1.1700 through March 2026.