Skip to main content

ECB’s hands are tied

GDP data published this week confirmed that the euro-zone economy grew at a decent pace in the first half of the year. But this is unlikely to last, and next week we expect the first business surveys for August to be consistent with output falling. Next week, the account of July’s ECB meeting might reveal more on the breadth of support for aggressive interest rate rates.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access