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ING Bank N.V.

June 26, 2026

Think Ahead Jobs And The Ecbs Inflation Test

Weekly UpdateRates Govt BondsEnergy

This report examines upcoming economic indicators in the US, Eurozone, and CEE regions, focusing on labor markets and inflation trends.

Key Takeaways

  • 1.US non-farm payrolls for June are expected to be around 110k, supporting market expectations for Federal Reserve interest rate hikes.
  • 2.Eurozone inflation data will be a critical test for ECB rate hike expectations, with recent pump price declines acting as a relief factor.
  • 3.National Bank of Poland is likely to maintain a wait-and-see policy given Middle East conflict uncertainties despite benign inflation.

Table of Contents

  • THINK Ahead in developed markets
  • THINK Ahead in Central and Eastern Europe
  • Key events in developed markets next week
  • Key events in Central and Eastern Europe next week

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Authors

James KnightleyBert ColijnAdam AntoniakDavid HavrlantMuhammet Mercan

Themes

Central Bank Policy ShiftsGeopolitical ImpactInflation Moderation

Regions

EuropeUnited StatesPolandCzech Republic