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European Sentiment remains dour:
Eurozone’s August ZEW Economic Sentiment -5.5 (expected -12.0; last -12.2)
Germany’s August ZEW Economic Sentiment -12.3 (expected -14.7; last -14.7) But Current Conditions worse -71.3 (expected -63.0; last -59.5)
ECB VP De Guindos:
September decision still up for debate
Data next days key to ECB decision
Latest date points to deceleration in Q3 & probably Q4
We need to keep working to get inflation back to 2% target
At finishing stretch of rate hiking processECB raised key rates by 25 bps in its September monetary policy decision to 4.50%, taking the closely watched deposit facility rate to 4.00%, in line
[See the full post at: ECB Raises Rates Another 25bps, Seen as a Dovish Final Hike]
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