We published our latest European Economic Outlook this week, which sets out our view that the euro-zone is heading for recession and that core inflation will remain above 2% for several more years. Against that backdrop, the ECB is set to raise interest rates by 25bp next week, after which we expect it to step up the pace of tightening and take the deposit rate higher than investors currently anticipate. ECB Preview (19th July, 10:00 ET/15:00 BST): Our Europe team will be briefing on what to expect from the ECB ahead of its crunch July meeting. They’ll be talking about lift-off for rate hikes, what a weak euro means for policy`, the Transmission Protection Mechanism and much more. Register now.
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