Monetary Policy
ECB keeps the deposit facility rate on hold as euro-area disinflation consolidates
With headline inflation converging on the two per cent objective, the Governing Council has
signalled a data-dependent, meeting-by-meeting stance. For treasurers the practical question
has shifted from the direction of policy rates to the shape of the forward curve: our markets
desk looks at what a flatter EURIBOR strip means for hedge ratios, revolving-facility pricing
and the cost of carry on liquidity buffers.
21AUG
Frankfurt · Markets Commentary