It is very much a given now and the question isn't so much so if the ECB will act in July but rather by how much. I still doubt the case for a 50 bps rate move and hold my reservations for a significant push above 0% - at least for now. We'll see how policymakers will try and push for that as the economy starts to face recession risks in the months ahead.
ECB's Kazaks says hopes that first rate hike will take place in July
- ECB policymakers continue to solidify plans for a move in July
