Analysis: The European Central Bank is expected to keep interest rates unchanged tonight, and the market reaction is likely to be relatively muted
News, July 24th, a strategist at TD Securities expects the European Central Bank to keep the deposit rate unchanged at 2.00% tonight and suggests that as this meeting may not signal new policy moves, the market reaction could be relatively subdued. The strategist believes that the ECB may need to both emphasize the resilience of the Eurozone economy and mention the "exceedingly severe global uncertainty." The ECB is expected to continue its policy path of "data-dependent, gradual meeting decisions." (FXStreet) [BlockBeats]
Analysis: The European Central Bank is expected to keep interest rates unchanged tonight, and the market reaction is likely to be relatively muted
News, July 24th, a strategist at TD Securities expects the European Central Bank to keep the deposit rate unchanged at 2.00% tonight and suggests that as this meeting may not signal new policy moves, the market reaction could be relatively subdued. The strategist believes that the ECB may need to both emphasize the resilience of the Eurozone economy and mention the "exceedingly severe global uncertainty." The ECB is expected to continue its policy path of "data-dependent, gradual meeting decisions." (FXStreet) [BlockBeats]
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