ECB President Christine Lagarde is nevertheless expected to keep a further hike in September in play during her press conference on Thursday

“Economists polled by Reuters expect another move of the same magnitude in July before the ECB pauses for the rest of 2023.

ECB President Christine Lagarde is nevertheless expected to keep a further hike in September in play during her press conference on Thursday, and to push back against traders’ bets that the central bank will cut rates next year.

“We expect the ECB to leave the possibility of a terminal rate above 3.75% on the table and to encourage the market to price out some of the 2024 rate cuts,” economists at Deutsche Bank wrote in a note.” Link: www.nasdaq.com/articles/ecb-to-raise-rates-further-even-as-economy-stutters