Analyst: Trade uncertainty will lead the European Central Bank to avoid forward guidance
ChainCatcher message, FP Markets analyst Aaron Hill pointed out that although the forward guidance from the European Central Bank's meeting on Thursday is the most watched, it is expected to have little significant impact on the market. "Current policies face too much uncertainty, and the US and Europe have yet to finalize a trade agreement," Hill said.
He believes that the forward-looking assessment of growth and inflation will be the focus, especially regarding the interest rate path. However, given the unclear prospects for trade negotiations, the central bank will take a cautious stance in making definitive statements.
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