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ECB's de Cos: There is ground to cover on rates if March baseline holds

Watching inflation expectations and the latest data has been good.This is no surprise but how much more hiking is going to be delivered is uncertain. For the May 4 meeting, the market is pricing a 62% chance of 25 bps with the remainder at 50 bps but in total , there are 88 bps more in hikes priced in by October.The ECB minutes from the most-recent meeting are out tomorrow.Today's eurozone HICP number was +6.9%, in line with estimates. This article was written by Adam Button at... Read More

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There

Ground

Cover

Rates

March

Baseline

Holds

Forex

Posted: Apr 19 2023, 14:45

Author Name: forexlive

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