Post by Santander Corporate & Investment Banking

Our Global Head of Economics, Antonio Garcia Pascual, joined Bloomberg TV to discuss the ECB outlook at a time when markets are reassessing the balance between inflation risks and growth concerns: “A June ECB hike would likely be framed not as the start of a tightening cycle, but as a policy-rate realignment. Weak growth argues against a hawkish path, but persistent geopolitical uncertainty means the door stays open to another move — July possible, September more likely.” As markets navigate an increasingly complex environment, understanding the interaction between geopolitics, inflation and monetary policy remains critical.