European Central Bank: Clients see higher peak and later cuts – Deutsche Bank

European Central Bank: Clients see higher peak and later cuts – Deutsche Bank

Source: EODHD - https://www.fxstreet.com/news/european-central-bank-clients-see-higher-peak-and-later-cuts-deutsche-bank-202609081320
Published: Sep 08, 2026 9:20 AM

Deutsche Bank’s Mark Wall and Michael Kirker report that survey respondents expect the European Central Bank (ECB) to continue hiking, with a strong bias toward another move in September and a terminal rate between 2.50% and 3.00%.

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.