ECB Banks Preview: 25 bps, more remains in store ECB EURUSD InterestRate Banks
ECB is fully expected to deliver one more interest rate hike by 25 basis points , taking the deposit rate to 3.50%, as well as a decision to end APP reinvestments. Risks are tilted towards the hiking cycle continuing for longer than this.The ECB will continue on a path of 25 bps rate hikes, and we think such a path will extend at least to the July meeting. The new staff forecasts are likely to see slight upward revisions on inflation, giving the hawks more ammunition.
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