Free Trial

MNI ECB WATCH: ECB To Cut 25BP, Stick To Data-Dependency

The ECB is expected to cut its deposit rate by 25 basis points on Thursday,

MNI (ROME) - The European Central Bank is set to cut its deposit rate by 25 basis points to 3.5% on Thursday, but is expected to avoid explicit pre-commitments regarding future policy moves in its two remaining meetings of 2024, despite issuing projections that are likely to align with ongoing disinflation.

September’s projections will be produced by ECB headquarters, which some analysis has indicated produces a slightly lower skew to inflation than those quarterly exercises involving more input from the Eurosystem’s national central banks. Still, expectations are for little change, and for inflation to be around the 2% target in 2025 and 2026.

Keep reading...Show less
376 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (ROME) - The European Central Bank is set to cut its deposit rate by 25 basis points to 3.5% on Thursday, but is expected to avoid explicit pre-commitments regarding future policy moves in its two remaining meetings of 2024, despite issuing projections that are likely to align with ongoing disinflation.

September’s projections will be produced by ECB headquarters, which some analysis has indicated produces a slightly lower skew to inflation than those quarterly exercises involving more input from the Eurosystem’s national central banks. Still, expectations are for little change, and for inflation to be around the 2% target in 2025 and 2026.

Keep reading...Show less