The interest rates of the ECB will be announced today at 14:45. We expect Super Mario (Mario Draghi) to achieve a more balanced tone and interest rates to remain unchanged.
It is still unclear whether the eurozone has been patrolled or is already in the midst of long-term cooling. While hard macro data published after the ECB meeting in June were encouraging and showing steady growth in the second quarter, soft indicators have shown signs of decline.
As far as inflation is concerned, while overall inflation has returned to 2%, the fact that core inflation has fallen to 0.9% in June shows that the ECB still has a long way to go.
"Although uncertainty about global factors, including the threat of increased protectionism, the eurozone's growth prospects remain broadly balanced
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