The European Central Bank rate hike is expected on Thursday 21 July 2022
- announcement is due at 1215 GMT (note the new scheduled times)
- press conference follows at 1245 GMT
The rate hike due from the European Central Bank this week is inconsequential
- Goldman Sachs preview a rate hike from the European Central Bank
- Newsquawk Week Ahead – Highlights: ECB, BoJ, UK/CA/NZ inflation data, UK debates
- ECB to signal end of an era this week; Expect 25bp but more is not unthinkable – BofA
Adding in a couple more snippets.
This via Société Générale:
- First rate hike in 11 years (25 bps) to be announced.
- Anti-fragmentation mechanism is to be launched, to support vulnerable countries.
- While downside risks to growth have increased, for now, the guidance for a possible 50 bps hike in September is likely to remain in place, partly linked to the fact that the inflation forecast will need to be revised up again in September, at least with regard to the short-term. No new staff forecasts will be presented, but an updated assessment is likely to point to high uncertainty, in particular over the energy supply situation. Risks to inflation remain to the upside, while risks to growth remain to the downside.