Ahead of the ECB rate decision Thur, below are some analyst expectations.
Eonia is pricing in a 3% chance of 25bps hike
Rabobank: 25bp cut in refi, no change in deposit rate, but could postpone decision to Nov. Expect further liquidity measures in Dec.
Barclays: No changed in refi and deposit rate. Expect 25bps cut in Refi rate only at December meeting.
Santander: No change, look for 25bps cut in refi rate at Dec meeting.
RBS: No rate cuts, look for some collateral easing
Daiwa: To hold key policy rates unchanged. Expect another LTRO in Nov.
BNP: Both refi and deposit rate on hold, press conference do little to encourage expectations of a cut.
Soc Gen: Probably do nothing more yet, expect Draghi to sound dovish and supportive of EURO's survival at press conference.
Eonia is pricing in a 3% chance of 25bps hike
Rabobank: 25bp cut in refi, no change in deposit rate, but could postpone decision to Nov. Expect further liquidity measures in Dec.
Barclays: No changed in refi and deposit rate. Expect 25bps cut in Refi rate only at December meeting.
Santander: No change, look for 25bps cut in refi rate at Dec meeting.
RBS: No rate cuts, look for some collateral easing
Daiwa: To hold key policy rates unchanged. Expect another LTRO in Nov.
BNP: Both refi and deposit rate on hold, press conference do little to encourage expectations of a cut.
Soc Gen: Probably do nothing more yet, expect Draghi to sound dovish and supportive of EURO's survival at press conference.