External broker reports(aggregated public sources), Nordea

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External broker reports(aggregated public sources)

Macroeconomics

United kingdom & Finland / Macroeconomics

<ul><li>The ECB expectedly left rates unchanged and commented thatthe incoming information broadly supports the Governing Council’s previous assessment of the medium-term inflation outlook.</li><li>We continue to think that the next step will be another 25bp rate cut at the next meeting on 12 September.</li><li>The monetary policy statement noted thatdomestic price pressures are still high, services inflation is elevated and headline inflation is likely to remain above the target well into next year, butthe inflationary impact of high wage growth has been buffered by profits.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The ECB expectedly left rates unchanged and commented thatthe incoming information broadly supports the Governing Council’s previous assessment of the medium-term inflation outlook.We continue to think that the next step will be another 25bp rate cut at the next meeting on 12 September.The monetary policy statement noted thatdomestic price pressures are still high, services inflation is elevated and headline inflation is likely to remain above the target well into next year, butthe inflationary impact of high wage growth has been buffered by profits.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ECB Watch: Summer slumber