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Investment event

ECB continues hiking
16 June 2023
    Articles
    Download the full reportPDF, 625.17KB

    Key takeaways

    • The ECB increased the deposit rate by 25bps to 3.50% at its June meeting
    • The Governing Council expects to continue hiking interest rates with no pause yet on the horizon
    • Today’s decision does little to impact our cautious investment outlook
    • We remain underweight European risk assets with a policy-induced recession on the horizon
    • Government bonds are the natural asset class in this environment, but we remain cautious with the ECB still in hiking mode

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