Goldman Sachs like the euro, expect ECB rate in September

  • This from GS ahead of today's European Central Bank meeting (this is not an ECB preview though)

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  • "We continue to anticipate Euro appreciation over the course of the year: the ECB remains on track to raise rates (our economists now expect the first hike in September) and fiscal measures and any quasi-fiscal central bank interventions should help cushion the effects on the economy and markets. Bloomberg reported Friday, (4/8) for example, that the ECB may be developing a new tool to support sovereign bond markets should they come under stress,"
  • "While the Euro has some fundamental positives, in our view, any rebound may hinge on political developments, including the French election and the ongoing war in Ukraine,"

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Coming up from the European Central Bank on 14 April 2022 (times are GMT)

ecb 14 April 2022

This snapshot from the ForexLive economic data calendar, access it here.

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