Analysis: The European Central Bank Is Expected to Hold Rates Steady Tonight, Market Reaction Likely to Be Muted

BlockBeats News, July 24 — TD Securities strategists expect the European Central Bank to keep its deposit rate unchanged at 2.00% tonight, and note that since this meeting is unlikely to deliver any new policy signals, market reaction may remain muted. The strategists believe the ECB is likely to emphasize both the resilience of the eurozone economy and the “exceptionally severe global uncertainties.” The ECB is expected to continue adhering to a “data-driven, meeting-by-meeting” policy approach. (Jin10)