TD Securities strategist: The market has digested the ECB's June rate cut, and interest rate increases may be limited

According to Jinshi, TD Securities strategists Lucas Krishan and Pooja Kumra said in a report that the market has already digested the ECB's June rate cut well, so further increases in interest rates may be limited. They predict that the ECB will keep its statement basically unchanged, while reiterating the importance of economic data to the ECB's policy stance. The strategists also added that they are optimistic about the steepening positions of the 2-10 year German government bond curve.