ECB keeping its options open
by AIB Treasury Economic Research Unit
- In the past week we have seen the July/August round of the key central bank meetings get underway, with the ECB first up.
- Given the lack of any rate policy changes from the ECB was very much in line with expectations, the focus on this month’s meeting was on what guidance, if any, the central bank would give regarding the potential for further rate cuts over the coming months.
- However, in response to a number of questions on the possibility of a rate cut at its next meeting on September 12th, President Lagarde did state that September “is wide open”
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