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Not much change to ECB rates pricing after the CPI data

As things stand, the rates market is still seeing roughly 86% odds of the ECB raising rates by 25 bps in June. The remaining 14% odds are tied to a 50 bps move instead. This shows the market bias is more or less still seeing two more rate hikes by the ECB i.e. one in June and one more in July.The peak in terms of rates is seen at 3.64% still and is not really changed whatsoever even from before the CPI data today. The only notable nudge lower in that pricing was after the softer French and Spani... Read More

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Posted: Jun 1 2023, 09:13

Author Name: forexlive

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