ECB: Rate hike likely in December, July meeting also a possibility – Danske Bank By MSalordFX ECB Banks EURUSD
ing to their expectations by announcing an end date to the APP, formally ending the PEPP, removing the 'or lower' from the forward rate guidance, and extending the time between the last bond purchase and the first-rate. They see a rate hike in December. “We continue to expect the ECB to raise its deposit rate in December this year, although as we also expect the ECB to end its QE buying already in July, this leaves the September meeting as a possibility as well.
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