European Economics

European Economics Update

12 June, 2019

Tweaking our (already dovish) ECB forecast

Mr Draghi’s comments at the ECB’s press conference last week suggest that the Governing Council is gearing up to loosen monetary policy a bit earlier than we had anticipated. We now think it will shave the deposit rate from -0.4% to -0.5% by year-end, and resume its asset purchase programme next March.

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