The account of September’s ECB meeting and the latest economic data make a 100bp rate hike by the ECB this month, which would bring the deposit rate to 1.75%, look increasingly likely. Next week, August’s industrial production data are likely to show a month-on-month rise in output, but the outlook is bleak and a euro-zone recession is a matter of “when” not “if”.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services