Capital Economics: The European Central Bank will keep interest rates unchanged this year

汇通财经2026/06/22 14:26

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Macro analyst Andrew Kenningham stated in a report that the European Central Bank is likely to keep interest rates unchanged this year, followed by a rate cut in 2027. With the United States and Iran reaching a temporary ceasefire, energy costs have already declined, and oil prices are expected to fall to $75 per barrel this year. Kenningham said that although short-term inflation forecasts have risen, long-term expectations remain aligned with the central bank’s 2% target. “We are increasingly confident that any second-round effects on wage inflation will be negligible.” Kenningham added that if the ceasefire cannot be maintained and energy prices rebound, rate hikes are still possible. “Policymakers, including European Central Bank Chief Economist Philip Lane, have repeatedly stressed that they are prepared to raise rates further.”

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The UK Office of Communications (OFCOM) has launched an investigation into whether Meta Platforms (META.US) failed to fulfill its obligations under the UK Online Safety Act. The probe will assess whether Meta evaluated risks related to illegal content and risks faced by children before introducing instant messaging features on Instagram.

智通财经•2026/10/06 08:11

UK Communications Authority investigates whether Meta violated its Online Safety Act duties

Gold prices rose slightly during the European session as expectations for a Federal Reserve rate hike eased.

(1) Gold prices saw a slight increase during early European trading, as markets focused on U.S. Treasury yields, the dollar’s performance, and fiscal and political turmoil in the eurozone. (2) Analysts at ING noted that with growing fiscal concerns in Europe, investors have sought safe-haven assets, which has driven gold prices modestly higher. (3) The analyst also pointed out that elevated U.S. Treasury yields, continued inflation worries, and a stronger dollar could cap the upside for gold. (4) After the latest U.S. inflation and economic data release, expectations for another Fed rate hike have cooled. (5) The CME "FedWatch" tool indicates traders currently see about a 22% chance of a rate hike in October. (6) Easing rate hike expectations have removed a key headwind for gold. (7) Going forward, attention should be paid to U.S. economic data, the direction of the dollar, and European fiscal conditions to determine whether gold prices can sustain their rebound.

智通财经•2026/10/06 08:06

Norwegian National Oil Company says European customers show increased willingness to sign contracts

(1) The CEO of Norway's national oil company stated that there is increasing willingness to sign long-term natural gas contracts. (2) Some European natural gas customers have already signed contracts that are valid through the 2040s. (3) This indicates that, due to supply security concerns, European buyers prefer to secure long-term gas sources. (4) The CEO also mentioned that the company is working closely with Norwegian authorities and NATO to protect gas pipelines and address cyber risks. (5) Infrastructure security and supply stability have become major focus areas in the European natural gas market. (6) Going forward, it is important to monitor the scale of long-term contract signings and the potential impact of pipeline safety developments on European gas prices.

智通财经•2026/10/06 08:06