The European Central Bank will likely continue to cut interest rates, but future decisions could be more contentious.
Despite still elevated domestic inflation, weak growth and inflation projected at target this year strengthen the case for further rate cuts.
We continue to agree with market pricing following the ECB’s latest rate cut, but see additional downside risks to growth post-U.S. election.
Even without new staff projections, the European Central Bank makes policy less restrictive and lowers its relevant rate to 3.25%.
While the European Central Bank kept policy rates unchanged, the next cut is likely to be delivered soon.
While the European Central Bank cut policy rates by 25 basis points to 3.75% on its deposit facility, the trajectory beyond June remains unclear.
While the European Central Bank refrained from declaring victory at its April meeting, a June rate cut seems increasingly likely.
While market pricing looks more reasonable, European Central Bank rate cuts, which could commence in June, are unlikely to be delivered as aggressively as the market expects in 2024.
While interest rates have presumably peaked, we remain skeptical that rate cuts will be delivered as forcefully as the market expects.
While the ECB is unlikely to raise rates further, we remain skeptical that it will deliver rate cuts as early as the market expects.
The European Central Bank is likely at or very near its peak policy rate, but we don’t expect rate cuts in the near term.
The European Central Bank (ECB) hikes rates and signals more tightening ahead.
In a dovish move, the central bank raises rates by half a point.
The European Central Bank raised its policy rate, and more hikes are coming.
The European Central Bank is likely to continue hiking rates next year, but the end point remains uncertain.
The central bank noted that substantial progress has been made in withdrawing monetary policy accommodation, and expressed concerns around growth and policy transmission lags.
As the European Central Bank leaves negative policy rates behind, attractive valuations herald a much-improved total return potential.
The COVID-19 crisis spurs cohesion, but fresh challenges await.
The conditions for a relatively quick and robust rebound rest on the success in containing the virus within a reasonable horizon, and a well-calibrated economic policy response.
The European Central Bank (ECB) didn’t follow other major central banks and refrained from cutting interest rates in response to the coronavirus outbreak. This signals a shift in the central bank’s preferred policy tools – read more.
