Update

ECB comment: June or never?

30 April 2026 19:40 RaboResearch

The ECB left its policy unchanged after the Governing Council concluded that they didn’t have enough information yet. President Lagarde said that policymakers will know enough in the next six weeks to decide. This puts a lot of emphasis on the June meeting. It suggests that if the ECB does not raise rates by then, it may not hike at all. Lagarde kept all options open, but her comment that “I think I know where we are headed” seems to foreshadow a rate hike.

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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