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Newsquawk Preview: ECB Policy Announcement due Thursday 15th December 2022

Newsquawk Preview: ECB Policy Announcement due Thursday 15th December 2022
  • Consensus and market pricing look for a 50bps hike, taking the deposit rate to 2.00%
  • Attention will also be placed on any details of the Bank's plans to shrink its balance sheet

OVERVIEW: Despite a softer-than-anticipated headline November Eurozone Y/Y HICP print of 10% (exp. 10.4%), the release was overshadowed by an unexpected increase in the core metric (ex-food to 6.6% (exp. 6.3%, prev. 6.4%). As such, the ECB is expected to pull the trigger on another rate hike d... Read More

Posted: Dec 14 2022, 09:13
Author Name: forexlive
Views: 110561

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