Analysts at Danske Bank suggest that minutes from Riksbank’s July meeting in addition to the ECB's Bank Lending Survey are going to be the key market moving economic releases for the day.
“The minutes from the Riksbank meeting in July are due for release and could attract additional attention as the Riksbank's statement made it clear it remains ready to act again if needed and did not contain any signs of hawkishness - thereby deviating from the latest communication among global central banks. Notably, Governor Stefan Ingves said during the press conference that he cannot see Riksbank hiking rates before the ECB.”
“The ECB's Bank Lending Survey is due for release. The latest report from April showed loan growth continued to be supported by increasing demand across all loan categories supported by the general level of interest rates. Added to this, credit standards (i.e. banks' internal guidelines or loan approval criteria) for loans to enterprises eased slightly due to competitive pressure whereas banks' risk tolerance had a tightening impact.”
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