ABN AMRO: ECB to remain on hold until the end of 2020


ABN AMRO analysts are forecasting that the ECB will likely remain on hold until the very end of next year and are pencilling in a 10bp hike in December 2020.

Key Quotes

“We previously expected a 10bp increase in March 2020 and one in September of next year.”

“We also expect the ECB to announce a new (T)LTRO (previously an extension of the current one). At the June Governing Council meeting, we expect the ECB to change its forward guidance to rule out rate hikes for this year as well as announcing another (T)LTRO.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD ends the day with losses in the 1.1070 area

The shared currency suffered once again from dismal local data, with EU inflation falling into negative ground in July. Dollar up amid a better market mood, but recovery fragile.

EUR/USD News

GBP/USD: On the back foot around 1.2130 amid Brexit pessimism

GBP/USD clings to 10-day EMA after fresh signs of no-deal Brexit. The UK PM writes a letter to the EU showing alternative arrangements to Irish backstop ahead of Germany/France visit.

GBP/USD News

USD/JPY: Bulls in control with eye on the 107 handle

USD/JPY holds in the newly acquired 106 territories, boosted again overnight in a risk-on environment where US stocks moved sharply higher. Technical indicators in the mentioned time-frame remain within positive levels.

USD/JPY News

Gold holds stable below $1500 amid few fresh catalysts

Gold awaits fresh clues to extend the latest declines below 10-DMA. With the lack of fresh directives, Gold remains below $1,500 during the Asian session. Gold awaits fresh clues to extend the latest declines below 10-DMA.

Gold News

Bullish levels to watch after Binance announces Venus vs. Facebook's Libra

Cryptocurrencies have been advancing once again, with Bitcoin topping $10,500, Ethereum clawing its way back above $200, and Ripple extending its gains.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •