ECB Review

The ECB hiked rates by 25bp to 2.25% in June, maintaining a hawkish outlook to combat inflation risks. Danske Bank now anticipates a second hike in September.

Key Takeaways

• 1.The ECB hiked policy rates by 25bp, bringing the deposit rate to 2.25%, citing inflation pressures from the Middle East conflict.
• 2.Danske Bank expects a second rate hike in September rather than July due to disappointing recent growth data.

Table of Contents

• ECB Review
• New staff projections were revised more hawkishly than we expected
• Markets price only 25% chance of hike in July
• Disclosures
• Analyst certification
• Regulation
• Conflicts of interest
• Financial models and/or methodology used in this research report
• Risk warning
• Expected updates
• Date of first publication
• General disclaimer
• Disclaimer related to distribution in the United States
• Disclaimer related to distribution in the United Kingdom
• Disclaimer related to distribution in the European Economic Area

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