ABNamro: ECB rate cut cycle most likely over
20/8 10:30
“Eurozone Q2 GDP Unchanged at 0.1%; we changed our ECB-view and now expect the ECB to Keep Rates on Hold at 2%. Eurozone Q2 GDP unrevised at 0.1%; solid consumption likely offset tariff shock. The 2nd estimate of Q2 GDP was released this morning, and headline growth was unrevised from the 1st estimate at 0.1% […]...