COINOTAG News reports that Benjamin Melman, CEO of Edmond de Rothschild Asset Management, states the European Central Bank is highly unlikely to raise rates in 2026. “We do not believe this will happen,” he said. He notes Germany’s prolonged economic weakness, paired with a large-scale fiscal expansion, and France’s difficult fiscal stance, would make a rapid rate hike a “crazy move” for the eurozone. The assessment frames macro policy risk as a key variable for global investors, including players in the crypto markets, where liquidity and risk sentiment are tethered to policy trajectories.

Per LSEG data, the money market is not pricing in any ECB rate hikes in 2026, suggesting a steady policy outlook. As traders monitor policy signals, the crypto ecosystem may see muted downside risk in scenarios of policy stability, while any shifts in macro stance could realign liquidity and asset correlations.