Danske: ECB Back to the Baseline; We Expect a Final 25bp Hike in September

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By eFXdata — Jul 23 - 03:00 PM

Danske Research reviews today's July ECB meeting.

"The ECB kept policy rates unchanged at the July meeting, with the deposit rate at 2.25%, in line with consensus and market pricing.

Lagarde kept full optionality on the future policy rate path, without precommitting. There was no market reaction to the meeting," Danske notes.

"We expect a final 25bp hike in September, bringing the deposit rate to 2.50%," Danske adds.

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Source:

Danske Research/Market Commentary

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