ECB: Rate hike could support the Euro, but growth outlook may be a hindrance – Crédit Agricole EURUSD ECB Eurozone Banks
Economists at Crédit Agricole discuss their expectations for the upcoming European Central Bank meeting and how could impact the Euro.We expect a 25 bps rate hike along with indications from the ECB that it expects persisting inflation in the Eurozone and does not believe financial conditions have tightened enough to threaten growth, could spur further front-loading of rate hikes and support the Euro.
We highlight that the recent weakening of the Eurozone growth outlook, along with renewed concerns about China's economic future, could make Euro bulls selective about which Euro-crosses to buy.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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