The European Central Bank (ECB) is widely anticipated to raise interest rates by 25 basis points on Thursday, September 10, with the official announcement scheduled for 12:15 GMT. This move is expected to push the Main Refinancing Operations rate to 2.65% and the Deposit Facility rate to 2.50%, according to FX Street [7].
Market experts, including Societe Generale’s Kenneth Broux, predict this will be the ECB’s second 25 basis point hike, while Commerzbank’s Michael Pfister notes that markets have fully priced in this increase. Pfister also highlights expectations for around 85 basis points of further tightening by mid-2027, signaling a prolonged period of monetary policy normalization, FX Street [1][5]. Ahead of the decision, EUR/USD trades near 1.1640, EUR/CAD around 1.6060, and EUR/JPY at approximately 178.75, reflecting cautious market positioning, FX Street [2][3][4].
For Japanese investors and traders, the ECB’s rate decision remains closely watched given its potential impact on the yen and EUR/JPY currency pair, which is a key focus amid ongoing global monetary shifts.