Van Lanschot Kempen: ECB might be done for the cycle
Van Lanschot Kempen: ECB might be done for the cycle
Joost van Leenders, Senior Investment Strategist at Van Lanschot Kempen, responds to today's ECB's intereste rate decision.
'The inflation is still high, and the labour market tight, but inflation will come down.
The economic outlook has deteriorated due to tighter financial conditions.
The ECB is now fully data-dependent and does not give any forward guidance on rates, but rate hike in September looks unlikely.'
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