According to Jin10, analysts at Helaba said escalating tensions in the Arabian Gulf and rising energy prices are adding to concerns among central bank officials. The European Central Bank is set to release its monetary policy decision later today. Helaba’s analysts said there are still no clear signs that the ECB is about to raise rates immediately. Even so, money markets are pricing in a 21-basis-point rate increase in September. The analysts also said they do not expect any major change in the wording of the ECB’s statement. The update points to a policy backdrop shaped by geopolitical risks and energy costs, while leaving near-term guidance largely unchanged ahead of the central bank’s latest announcement.
According to Jin10, analysts at Helaba said escalating tensions in the Arabian Gulf and higher energy prices are causing concern among central bank officials.
The European Central Bank is scheduled to announce its monetary policy decision later today. The analysts said there are no clear signs at this point that the ECB is about to raise interest rates. Money markets, however, are pricing in a 21-basis-point hike in September, and the statement is not expected to show any major change in wording.
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