The ECB holds its ordinary monetary policy meeting today. The rate decision is unlikely to surprise anyone, Commerzbank economists report.
ECB is generally expected to keep rates unchanged
All 51 economists surveyed by Bloomberg – like our economists – expect rates to remain unchanged.
Some officials were considering ending PEPP rollovers early – currently, this is planned for the end of 2024. At first glance, it might not make much sense for this to be relevant for the Euro. However, concern about national finances has been increasing around the world. If the Eurosystem increasingly withdraws as a buyer of government bonds, the problems affecting the Euro are likely to intensify. In light of these problems, the ECB will probably want to avoid a premature decision.
Everything indicates that the ECB meeting will be much calmer than in recent months. This does not mean, however, that the individual press conference statements do not cause an increase in volatility, as the ECB gave some surprises from time to time in recent months that were unexpected for most market participants. .
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
