From hawkish cut to dovish hold – Rabobank
Source Fxstreet
The ECB kept its policy rates unchanged, leaving the deposit facility rate at 3.75% and the main refinancing operations rate at 4.25%, senior macro strategist in Rabobank Bas van Geffen notes.
September rate cut remains very likely
“The ECB’s decision to leave rates on hold was moderated by a slightly dovish statement. We believe policymakers are inclined to look through near-term data, unless these materially impact their medium-term projections.”
“A September rate cut remains very likely, even though Lagarde stated that the outcome of that meeting is ‘wide open’. We see upside risks to our deposit rate forecast, but particularly later in the easing cycle.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin consolidates above $92,000 and the 100-hour SMA as traders eye a breakout toward $96,450 or a potential retracement to $90,500 support.
Bitcoin experiences significant volatility, dropping toward $87,000 ahead of a crucial Federal Reserve interest-rate decision.
Gold Price Forecast: XAU/USD edges lower below $4,200 amid worries about hawkish Fed rate cutGold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.
Gold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.
As institutional inflows into Bitcoin ETFs accelerate, active on-chain addresses are sliding, signaling a shift where investors prefer Wall Street wrappers over self-custody.
Michael Saylor and Strategy are heavily investing in Bitcoin, adding 10,624 more BTC to their already significant holdings, despite a tough year for their stock.
