Euro: ECB September hike still base case

Euro: ECB September hike still base case – TD Securities

Published Jul 31, 2026 8:09 AM Last refreshed Jul 31, 2026 9:00 AM Source: EODHD Event Time: Jul 31, 2026 8:09 AM

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Euro: ECB September hike still base case – TD Securities

Source: EODHD - https://www.fxstreet.com/news/euro-ecb-september-hike-still-base-case-td-securities-202607311209
Published: Jul 31, 2026 8:09 AM

TD Securities strategists highlight that Euro area Harmonised Index of Consumer Prices (HICP) inflation rose to 2.9% y/y in July, with core inflation at 2.5% and services inflation at 3.3%, indicating only limited evidence of meaningful second-round effects.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.