Crédit Agricole Corporate and Investment Bank
June 12, 2026
ECB Focus
Macro ThematicRates Govt BondsMacro Economic IndicatorsOther
The ECB raised interest rates by 25bp while signaling caution regarding future moves. Crédit Agricole expects further hikes in September and December, despite a potential pause in July.
Key Takeaways
- 1.The ECB hiked rates by 25bp, bringing the deposit rate to 2.25%.
- 2.Communication from Christine Lagarde suggests a reduced probability of a July rate hike.
- 3.The firm maintains a scenario of two further rate hikes in September and December.
Table of Contents
- Hikes and talk
- Macroeconomic projections
- Conclusion
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Louis Harreau
Themes
Monetary Policy NormalizationInflationary Pressures
Regions
EuropeAsia PacificFranceJapanUnited States