Nomura expects the ECB to hold rates at 2.50% on October 29, maintaining quantitative tightening and potentially providing support for the euro against the dollar.
Nomura analysts Andrzej Szczepaniak, George Buckley, and Josie Anderson project that the European Central Bank will maintain its deposit rate at 2.50% during the October 29 meeting. By continuing its current quantitative tightening trajectory, the ECB is positioned to be less dovish than current market expectations, which provides a potential fundamental floor for the euro against the dollar.
Nomura expects the ECB to keep the deposit rate steady at 2.50%.
The meeting is scheduled for October 29.
Nomura analysts Andrzej Szczepaniak, George Buckley, and Josie Anderson project the European Central Bank will maintain its deposit rate at 2.50% during the October 29 meeting. The firm anticipates the ECB will uphold its current quantitative tightening guidance, signaling a stance that remains less dovish than prevailing market expectations.
Nomura expects the ECB to hold the deposit rate at 2.50% and continue its quantitative tightening program.