ECB: The 25 bps hike at the July meeting will be the last one in this cycle – Nordea

Economists at Nordea continue to think that the 25 bps hike very likely seen at the July meeting will be the last one in this cycle.

Another 25 bps rate hike in July is close to a done deal

The European Central Bank continues to see more tightening warranted, and another hike in July appears a done deal. 

Upside inflation risks need to ease further and the impact of tighter policy to strengthen for the ECB to stop after July, which remains our baseline.