The ECB Steps Toward September Easing

PGIM Fixed Income

July 2019

Jürgen Odenius, PhD, Principal and Economic Counsellor, Macroeconomics Team

The ECB took several critical steps towards a package of easing measures, likely to be initiated in September 2019. In sum, a first rate cut in September combined with tiering is all but a foregone conclusion. A decision on asset purchases is now highly likely, but it may come only in December, depending on how quickly a consensus can be forged.