Week in Focus
Analysis and background on economics, capital markts and financials. New every week.
ECB — Hike postponed, not cancelled
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© Commerzbank
17 July 2026: ECB — Hike postponed, not cancelled
The ECB is unlikely to raise its key interest rates for the second time in a row next week. However, another rate hike is likely at the meeting in September. Our revised ChatECB indicator shows that ECB Governing Council members are leaning toward higher interest rates—especially since core inflation is expected to rise in the coming months and households’ inflation expectations have increased.
