1214 GMT - Barring a big surprise, the European Central Bank will hold its key interest rate next week, though a hike in September isn't a done deal, HSBC's Simon Wells says in a note. Some have argued a single rate rise in June runs the risk of looking like a 2011-style mistake, when the ECB hiked twice but swiftly reversed, he says. "We don't buy it," Wells notes. Oil futures prices now suggest inflation could undershoot the 2% target in 2028. While the July press conference is likely to keep the door open, there won't likely be a strong signal, and come September the case for hiking could be weaker, he says. "We think rates could be on hold this year." (edward.frankl@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 08:14 ET (12:14 GMT)
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