- Analytics
- News and Tools
- Market News
- ECB Preview: Anticipated hike's impact on the EUR expected to be minimal – BofA
ECB Preview: Anticipated hike's impact on the EUR expected to be minimal – BofA
Economists at the Bank of America analyze how the expected a 25 bps hike by the ECB in the upcoming meeting could impact the Euro.
Emphasis remains on underlying inflation, making a September hike a possibility
A 25 bps increase on all three rates by the ECB is expected, which the market has already priced in.
Given the steady outlook since June, significant directional guidance is not anticipated.
Despite some optimistic undertones, the ECB's primary concern remains underlying inflation, keeping the prospect of a September rate hike alive.
The imminent hike has been fully accounted for by the market, and with the ECB's reluctance to firmly commit for September, any significant impact on the EUR is not expected. The currency remains primarily influenced by data.
See – ECB Preview: Forecasts from 12 major banks, the final 25 bps?
© 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
