The European Central Bank meet this week – preview of a 25bp rate hike

<p>The European Central Bank meet on Thursday 14 September. The statement is due at 1215 GMT, 0815 US Eastern time, with President Lagarde's press conference a half hour later. </p><p>Bank of America are expecting a 25bp rate rise for all three policy rates. Analysts at the bank concede it's a very close but believe the recent flow of data supports an interest rate hike. Further:</p><ul><li>We expect little forward guidance but the bias will be for more</li></ul><p>Further ahead BoA expect the first ECB rate cut in June of 2024, "at the earliest""</p><ul><li>If September inflation print challenges our disinflation view we would likely delay our call for the first cut.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.