- Analytics
- News and Tools
- Market News
- ECB to cut its rates in September and December – ABN AMRO
ECB to cut its rates in September and December – ABN AMRO
Nick Kounis, the head financial markets research at ABN AMRO, expects the ECB to cut all its policy rates by 10bp at the September meeting, followed by another 10bp step at the December meeting.
- “Both moves are more than priced in by financial markets. Economists – according to the Bloomberg Poll – expect a 10bp cut in the deposit rate in September, but no change in December.
- For the ECB to surprise on the upside, it would need to cut policy rates by 20bp next month. However, it will likely be reluctant to do so. As it moves policy rates into unchartered territory, with uncertainty about the impact of more deeply negative rates on banks and the transmission mechanism, it may well decide to move in smaller steps. The last four ECB reductions in the deposit rate have each equalled 10bp, probably reflecting this reasoning.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
