Barclays not sees the ECB reducing charges in September

Forward of the July assembly, Barclays noticed two charge cuts for the ECB left for this yr – one in September and one in December. Their terminal charge forecast was 1.50%, pushed by “common
US tariffs on EU imports of circa 15% and dangers of medium-term inflation undershooting”.

Whereas the tariffs imposed by Trump appears to be matching their assumption, Barclays remains to be eradicating their name for a September charge lower. I reckon they appear to be swayed by Lagarde’s press convention and the ECB sources leak after it might appear.

This text was written by Justin Low at investinglive.com.