The upcoming ECB meeting is expected to be a review meeting rather than one where new policies are announced. Lagarde has emphasized that data on profits, wages, and productivity will be crucial factors, but this information will only be available in mid-August. Therefore, the focus will likely shift to the September meeting.
Comments from the ECB’s Governing Council indicate that the market’s expectations are reasonable. It is unlikely that the ECB will try to change the market’s outlook on monetary policy in the near future.
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In conclusion, the upcoming ECB meeting is likely to focus on assessing the current economic situation rather than announcing new policies. The market’s expectations seem to be in line with the ECB’s stance, and any changes in policy are more likely to be discussed in the future. It is essential to consider all relevant information and consult with financial experts before making any investment decisions.