Forward rate guidance signals indicate a 78% probability of a rate hold at Friday's ECB policy meeting. The most recent eurozone inflation print of 2.2% sits within the ECB's target range for the first time since 2021.
European Central Bank expected to hold for a third consecutive meeting. Inflation convergence at 2.2% reduces pressure for further accommodation.
Forward rate guidance signals indicate a 78% probability of a rate hold at Friday's ECB policy meeting. The most recent eurozone inflation print of 2.2% sits within the ECB's target range for the first time since 2021.