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Deutsche Bank on the hawkish hike from the ECB, say a 4%+ terminal rate is possible.
The European Central Bank rate hike and Lagarde's news conference summaries are here:Forexlive Americas FX news wrap: ECB hikes 25 bps; bank rout continuesVia Deutsche Bank, their take on the day and outlook ahead:In line with the consensus and our baseline expectation, the ECB downshifted the pace of hikes to 25bp. The ECB has now hiked the deposit facility rate by 375bp over the course of 9 months, a very rapid tightening. We interpret the latest ECB decision as a ‘hawkish 25’. First, between...
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Posted: May 4 2023, 23:12
Author Name: forexlive
Views: 102583