Renta 4 | The September meetings of the Federal Reserve and ECB will be key in economic and market developments in the Autumn. The market discounts with 58% probability an ECB cut in the deposit rate to -0.6%.
deposit rate trim
Indeed, the ECB can go further. Draghi broke the discipline again by skilfully taking advantage of a dull reference in the communiqué to the ECB’s intention to study all potential possibilities should the need arise.