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REAL-TIME GLOBAL RESEARCH

European Economics: ECB: Letting the market do its job, for now

Published: 2026-07-23Institution: CitiPages: 8Original language: EnglishEvidence page: 3

Research evidence excerpt

European Economics: ECB: Letting the market do its job, for now

research note/report regarding the subject company. Pursuant to the Market Abuse Regulation a

history of all Citi Research recommendations published during the preceding 12-month period can be accessed via Citi Velocity

(https://www.citivelocity.com/cv2) or your standard distribution portal. Historical disclosures (for up to the past three years)

will be provided upon request.

RESEARCH ANALYST AFFILIATIONS / NON-US RESEARCH ANALYST DISCLOSURES

The legal entities employing the authors of this report are listed below (and their regulators are listed further herein). Non-US

research analysts who have prepared this report (i.e., all research analysts listed below other than those identified as employed

by Citigroup Global Markets Inc.) are not registered/qualified as research analysts with FINRA. Such research analysts may not

be associated persons of the member organization (but are employed by an affiliate of the member organization) and therefore

may not be subject to the FINRA Rule 2241 restrictions on communications with a subject company, public appearances and

trading securities held by a research analyst account.

Citigroup Global Markets Europe AG - FRANCE Arnaud Marès

Citigroup Global Markets Europe AG - ITALY Giada Giani

OTHER DISCLOSURES

Any price(s) of instruments mentioned in recommendations are as of the prior day’s market close on the primary market for the

instrument, unless otherwise stated.

The completion and first dissemination of any recommendations made within this research report are as of the Eastern date-

time displayed at the top of the Product. If the Product references views of other analysts then please refer to the price chart or

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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