July 19, 2022 - 12:09 PM 263 views
Societe Generale analysts provide a preview of what to anticipate
from the European Central Bank's (ECB) interest rate announcement scheduled for
12:15 GMT on Thursday.
To be announced: the first rate increase in 11 years (25
The launch of an anti-fragmentation mechanism is planned to help
Although there are now greater downside risks to growth, the
guidance for a potential 50 bps increase in September is likely to remain in
place, in part because the inflation prediction will need to be updated again
in September, at least in terms of the near term.
"No new staff forecasts will be offered, but an updated assessment is anticipated to indicate significant uncertainty, particularly with regard to the situation with the energy supply. There are still upside risks to inflation and downside risks to growth.
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