Goldman Sachs announces European Central Bank monetary policy meeting on July 21


Goldman Sachs (in brief)

  • We expect the Governing Council to raise policy rates by 25 basis points and provide further details on its sovereign support.
  • Although the sharp depreciation of the euro, recent actions by central banks abroad and the possibility of a further rise in inflation expectations according to surveys suggest that a move of 50 basis points is possible, we believe that a quarter-point increase remains likely.
  • Indeed, the Council has moved strongly towards 25 basis points, the growth outlook has weakened and the ECB has historically not offered hikes discounted to less than 70%.

The European Central Bank on Thursday, July 21, 2022

  • the announcement is scheduled for 12:15 GMT (note the new scheduled times)

  • press conference at 12:45 GMT

Earlier:


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button