Eurozone
Reacceleration of inflation cements the case for another ECB hike
A reacceleration of inflation cements the case for another rate hike. But price pressures are limited to energy-related items, and the growth outlook is highly uncertain.
What could the ECB's structural LTROs look like?
The ECB could start discussions about the design of structural LTROs towards the end of this year, but the launch date depends on banks’ demand for reserves.
Monthly Outlook: Groundhog Day Economics
The danger is not that we keep reliving the same day. It is that, eventually, the script changes.
The EU strengthens its industry and reduces dependencies
Plans to strengthen the European industry and reduce foreign dependencies are becoming more concrete and coherent, but much needs to be done to make these reality.
The ECB holds to hike another day
The ECB saw no reason to hike rates today, but Lagarde hinted at a rate increase in September. This remains our base case.
Exclusive Could the ECB raise the minimum reserve requirement?
The ECB is reportedly considering raising the minimum reserve requirement from 1% to 2%. This would roughly offset the additional interest costs of the June rate hike.