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Published on Thursday, July 16, 2020

ECB WATCH | Summer is the time to pause to reflect

As widely anticipated, the ECB maintained status quo today, holding its policy guidance, interest rates, as well as the deposit tiering system unchanged

Key points

  • Key points:
  • The ECB expects to see a rebound in activity in Q3, although risks are skewed to the downside.
  • We expect changes to the tiering multiplier after the summer break

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