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BBG ECB Sources Infitting with MNI Reporting in June

ECB
  • On that BBG ECB sources report - relatively little new in the report itself, which writes that the ECB are "unlikely to signal a definite hike or pause" and "Guidance to probably underline next meeting hinges on data".
  • Piece is infitting with expectations - we wrote on June 30th that "While the ECB is set to hike its main policy rates by 25 basis points in July barring a major surprise, consensus is building that the Governing Council must see the slew of economic data due through early September before deciding on its next move and avoid pre-committing to a hike at the next meeting, Eurosystem sources told MNI."

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