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The ECB kept its policy rates on hold for a fourth straight meeting. President Lagarde presented a somewhat more optimistic outlook, with upgraded growth forecasts. However, the unusually high uncertainty will probably keep the ECB on hold for a longer period. We expect the next move to be a rate hike, but not before 2027Q1.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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