Week of 7 - 11 September 2026 | The ECB raises policy rates

In this edition of Amundi's Weekly Market Directions: 

  • The ECB raised rates to 2.50%, remaining determined to deliver on its target of price stability in the medium term.
  • The ECB raised inflation forecasts for 2027 and 2028, reflecting for 2027 expected high level of energy prices. Growth forecasts were also revised up for 2026 and 2027, reflecting greater resilience.
  • With yields under pressure, also amid inflation risks, a flexible approach to fixed income is paramount.
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Monica Defend

Monica Defend

Head of Amundi Investment Institute

The ECB opens a period of central bank meetings. The balance is shifting further towards the risk that inflation proves more persistent than expected, given the recent rise in energy prices amid geopolitical tensions.

Monica Defend, Head of Amundi Investment Institute

Read the full weekly market directions

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 14 September 2026. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
 

Date of first use: 14 September 2026

Doc ID: 5917908