Central Bank Intelligence
ECB Rate Watch
European Central Bank policy decisions, rate path, and meeting calendar. Independent analysis for European equity and fixed-income investors.
Rate Decision History
Source: ECB public data · Boursee Editorial · Informational only, not investment advice
What to Watch — Jul 23
Eurozone HICP
~2.4%
Edging toward target; core services still elevated
Wage growth
~3.8%
Gradual cooling but still above levels consistent with 2% inflation
EUR/USD
1.16
Firm euro provides modest disinflationary impulse on imports
Brent crude
~$77
Energy prices well off peak; dampens HICP upside risk
PMI Composite
51.5
Steady expansion; no recession signal to deter hike
2026 Meeting Calendar
Rate hike → equity implications
A +25bp hike benefits ING, ABN AMRO, BNP Paribas via NII expansion. Headwind for real estate (Vonovia, Unibail).
Open Macro–Equity Bridge →General information only under Article 24 MiFID II. Not personalised investment advice. ECB rate expectations are market-derived probabilities, not Boursee forecasts. Source: ECB public data, market pricing. Full disclaimer →