Brief European Central Bank, and CPI, previews via Deutsche Bank

ECB meeting and Eurozone inflation previews via DB. This is very short.

  • The ECB meeting takes place on Thursday, June 15th and is scheduled to be announced at 1215 GMT (815 EST).
  • ECB President Lagarde’s press conference follows at 1245 GMT (845 EST).

Deutsche Bank:

  • Expect a 25bp rise and a hawkish message.
  • The focus will be on what the ECB indicates for the path going forward.
  • More risks may be needed after July.
  • We expect a further 25bps hike in July to move the final rate to 3.75% but look at the risks of a move towards 4.00-4.25% in the fall

The next day, Friday, June 16, brings inflation data for the month of May in the Eurozone:

0900 GMT (0500 EST)

Deutsche Bank:

  • HICP May Final Edition – The flash print surprised consensus on the downside.
  • The dichotomy between services and commodity inflation will continue in the coming months

This article was written by Eamon Sheridan on www.forexlive.com.

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