On June 19, Martin Wahlberg, a senior economist at Italian investment firm Generali Investments, said in a report that the ECB still believes that inflation has been “too high for too long” and that due to a possible rate hike in September, its There is a risk of excessive tightening of monetary policy.
The ECB has been too optimistic about its growth outlook, and its updated macro forecasts in September are more inclined to pause interest rate hikes.
But because of the rather hawkish tone of last Thursday’s press conference, “we acknowledge that there is a risk that the bank will raise rates further in September, and we worry that this will mean overtightening and the risk of low growth continuing for longer,” Walber said. Greg said.