JPMorgan expects the ECB to deliver 25bps hikes in June and September 2026 (prior forecast of hikes in April and July)

JPMorgan's revision of the ECB's rate hike timeline suggests a more dovish outlook for European monetary policy than previously expected. By pushing the hikes to June and September 2026, it implies a slower pace of tightening, which could reflect ongoing economic challenges in the Eurozone. Traders should anticipate potential impacts on EUR and bond markets as this new guidance alters rate path expectations.