What to Watch for in the ECB Rate Decision

The transcript discusses the anticipated 25 basis points interest rate hike, which was largely pre-announced by Christine Lagarde. It highlights the impact of energy prices on headline inflation and the persistent issue of core inflation, as evidenced by the June core CPI print of 5.5%. The market is prepared for the rate hike, and the focus is on future policy decisions, particularly in September, before the summer break in Frankfurt.

What was the recent change in the deposit rate mentioned in the text?

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Who is the head of the UCB mentioned in the text, and what role did they play in the recent policy announcements?

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How does the text describe the relationship between energy prices and headline inflation?

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What is the core CPI print mentioned in the text, and why is it significant?

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What are the expectations for the September meeting as discussed in the text?

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