According to a Reuters poll cited by FXStreet, a majority of economists anticipate that the European Central Bank (ECB) will increase its deposit rate by 25 basis points to 2.50% in September. Specifically, 57 out of 69 economists surveyed expect this rate hike to occur [1]. Furthermore, the poll indicates that 55 of 69 economists project the ECB deposit rate will remain at 2.50% by the end of 2026, compared to 49 of 74 economists who held this view in the July poll [1].
The ECB, headquartered in Frankfurt, is responsible for setting interest rates and managing monetary policy across the Eurozone, with a primary mandate to maintain price stability, typically targeting inflation around 2% [1]. The ECB Governing Council, which includes the heads of Eurozone national banks and six permanent members such as President Christine Lagarde, makes these monetary policy decisions during eight meetings each year [1].
While the article provides background on the ECB's policy tools, including quantitative easing (QE) and quantitative tightening (QT), it does not mention any immediate market reactions or analyst opinions regarding the anticipated rate hike. The information presented focuses on the consensus among economists and the ECB's role in influencing the Euro through interest rate adjustments [1].
CONCLUSION
A Reuters poll shows a strong consensus among economists that the ECB will raise its deposit rate by 25 basis points to 2.50% in September. The majority also expect this rate to be maintained through the end of 2026, highlighting expectations for a sustained period of tighter monetary policy.