Jeffrey: The minutes of the European Central Bank

On August 31st, the European Central Bank will release the minutes of its July monetary policy meeting at 19:30 tonight. Mohit Kumar, Chief European Financial Economist at Jeffrey, said that the meeting minutes should clarify internal debates about the prospects for further interest rate hikes. He said in a report: "The meeting minutes released today should further clarify the debate between hawks and doves." Although the European Central Bank has reason to raise interest rates by another 25 basis points, "it is best to wait for more data and suspend rate hikes in September. If our view of future economic data weakness is correct, then suspending rate hikes in September should pave the way for the European Central Bank to end its current rate hike cycle