ING Bank N.V.
June 30, 2026
Rates Spark: Too Early For The Doves
Rates StrategyRates Govt BondsCommoditiesMacro Economic IndicatorsEnergy
The report argues that the ECB is likely to maintain a hawkish bias despite a stabilization in oil prices near pre-war levels. It highlights that inflation uncertainty persists and expects at least one more rate hike.
Key Takeaways
- 1.The ECB is unlikely to make a dovish turn, maintaining a hawkish bias despite falling oil prices.
- 2.Recent oil price declines are viewed as potentially unstable due to supply-demand imbalances and pending reserve replenishment.
Table of Contents
- Rates Spark: Too early for the doves
- Tuesday's events and market view
- Author
- Disclaimer
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Michiel TukkerBenjamin Schroeder
Themes
Energy Market DynamicsMonetary Policy Normalization
Regions
EuropeMiddle EastFranceGermanyItaly
Related Reports
Polish Inflation Returns To The Central Bank Target
Jun 30, 2026
China PMI Edges Higher But Second Quarter Slowdown Still Likely
Jun 30, 2026
Asia’s Consumer Recovery: Winners And Laggards
Jun 30, 2026
German Labour Market Weakening Takes a Pause
Jun 30, 2026
The Economic Toll of Europe’s Record-Breaking Heatwave
Jun 29, 2026