Report
ECB July meeting: September decision “wide open”
As widely expected , the ECB left its policy rates unchanged at the July meeting. The overall tone of the prepared statement and the press conference w ere neutral with no hint at what the September meeting will bring. As usual, the importance of the incoming data in determin ing the next steps was stressed. We expect two additional 25bp cuts this year, with the first cut coming in September followed by another cut in December.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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