Courtesy of MNI, who have garnered the results of a little survey, here’s what some of the banks are now expecting next week from the ECB

  • UBS: Now expect 25bp refi rate cut and a 50bp marginal lending rate cut
  • BAML: ECB will cut refi rate by 25bp next week, but will refrain from cutting the deposit rate. Inflation likely to remain at low levels, therefore no need for ECB to move after next week’s cut.
  • BNP: Now expect a refi rate cut of 25bp before year-end.
  • JPM: Now expect 25bp refi rate cut in December.
  • RBC: Do not look for ECB to lower rates in the near term.
  • Barclays: ECB to remain on hold. Wait for inflation forecasts at Dec meeting
  • CS: Should leave door open for possible rate cut in Dec when 2014/15 inflation forecasts are announced.
  • RBS: Now expect 25bp refi rate cut in November, with a 50bp cut in marginal lending rate, while deposit rate remains unchanged.

So that’s what they think ?

How about you ?