Rabobank: No rate hikes coming from ECB in 2019-20

Sandeep Kanihama FXStreet Contributor

Rabobank research team has changed their view and now it is not expecting the ECB to hike in 2019 or 2020.

Key Quotes

“Even though we hold some hopes of a moderate (domestic) growth pickup in Eurozone from Q2 onwards, we believe ECB has already missed its ‘window’ to hike “through the summer” (even under a flexible interpretation of that guidance).”

“As we believe 2020 will bring new challenges the ECB cannot ignore, it increasingly faces a ‘Japan/BoE’ type of scenario This below-consensus and below-market view implies that the risks to our view are now to the upside; but this is just hope that we will be proved wrong.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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