- Analytics
- News and Tools
- Market News
- ECB likely to leave rates unchanged – Nordea
ECB likely to leave rates unchanged – Nordea
FXStreet reports that according to analysts at Nordea Markets, ECB will leave rates unchanged at Lagarde's second policy meeting and focus will be on the strategic review.
"We change our forecast and no longer expect further easing! Risks are tilted towards slightly higher rates as an immediate market response."
"We expect the key ECB interest rates to be kept unchanged at next week's meeting at -50bp and 0bp for the deposit rate and the main refinancing rate, respectively, which is in line with consensus and market pricing."
"Will Lagarde's ECB be less dovish than Draghi's ECB? A month ago, we would probably have said "no". Now, it's a soft "yes, probably". Consequently, we change our forecast and no longer expect additional policy easing!"
"From a strategic point of view, we still see risks skewed to the dovish side. Markets have largely given up pricing further easing over the coming year, and currently price in a clear risk of a rate hike next year, which seems premature. It will not take much weaker numbers for the markets to resume speculation about additional easing. After all, the ECB's forward guidance retains an explicit easing bias, which is unlikely to be removed at this point."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
