ECB likely to leave it unchanged at 1.00%

ECB likely to leave it unchanged at 1.00%

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ECB likely to leave it unchanged at 1.00% - UBS

FITITOL--> FXstreet.com (San Francisco) - Next week will be crucial for the sentiment in the market, Central banks across the world will hold policy meeting to decide if they change its interest rates. The ECB will hold it on July 5th and consensus is the bank to hold rates.

"Policymakers return to the fore however with the ECB, BoE, RBA and Riksbank set to meet. Payrolls data in the US is due as well," say Chris Walker and Eamon Aghdasi from UBS.

The ECB "is likely to leave it unchanged at 1.00% against a consensus view of a 25 bp cut," UBS comments. "We do not see much marginal benefit from cutting the refi rate at this stage, though the deterioration in core data may prompt a response."