Several banks predict ECB will keep interest rates unchanged

According to Jinshi data, Scotiabank, HSBC, Bank of America, Facilities, Yixin Bank, UBS Group, Danske Bank, Monex Group, French Foreign Trade Bank, Belemberg Bank and Dutch International Bank all predict that the European Central Bank will keep interest rates unchanged. Scotiabank believes that if the ECB refutes market expectations for interest rate cuts, it will provide support for the euro. HSBC said the ECB is cautious about future interest rate cuts. Bank of America noted that Lagarde may mention the U.S.-EU trade agreement but avoids advance commitments. FAC Bank expects a possible rate cut in the first quarter of next year. Yixin Bank believes that the deposit interest rate will remain at 2%. UBS said the rate cut cycle may be over. Danske Bank judged that the easing cycle had ended. Monex Group said the euro could rise if Lagarde announced a victory over inflation. French Foreign Trade Bank believes that interest rate cuts may be cut in December. Berenberg Bank focuses on the impact of French political turmoil. Dutch International Bank believes that the market underestimates the possibility of another rate cut this year.