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The ECB kept its monetary policy stance unchanged and provided no new direction, as widely expected. Policymakers listed a host of factors underpinning growth, but they also underscore that uncertainty about the outlook remains high. They reiterated their data-dependent approach. But high uncertainty sets a high bar for any next step on rates – either up or down.
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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