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.
