Analysis: ECB to hold rates steady tonight, market reaction likely to be muted
On July 24, TD Securities strategists expect the ECB to keep the deposit rate unchanged at 2.00% tonight, saying that market reaction may be muted as the meeting is unlikely to release new policy signals. Strategists believe that the ECB may need to emphasize both the resilience of the Eurozone economy and the "unusually high global uncertainty". The ECB is expected to continue to adhere to the policy path of "data-driven, meeting-by-meeting decisions." (Golden Ten) [BlockBeats]
Analysis: ECB to hold rates steady tonight, market reaction likely to be muted
On July 24, TD Securities strategists expect the ECB to keep the deposit rate unchanged at 2.00% tonight, saying that market reaction may be muted as the meeting is unlikely to release new policy signals. Strategists believe that the ECB may need to emphasize both the resilience of the Eurozone economy and the "unusually high global uncertainty". The ECB is expected to continue to adhere to the policy path of "data-driven, meeting-by-meeting decisions." (Golden Ten) [BlockBeats]
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