ECB policymaker Nagel says he will keep options open for July and September decisions
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I will keep options open for July and September decisions Inflation will stay on high level this year Inflation will stay above target in 2027 June move wasn't an insurance hike ECB's Nagel said he will keep options open for both the July and September policy meetings, suggesting
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4 itemsECB policymaker Nagel says keeping all options open for July meeting
ECB policymaker Nagel says data will decide ECB's decision in June
The desk believes that the European Central Bank (ECB) is poised to implement a rate hike in June, driven by the necessity to manage inflation expectations. Per the full note from investinglive.com, ECB policymaker Nagel emphasized that data will be pivotal in determining the central bank's decision, despite market pricing indicating an 88% probability of a rate hike. The desk notes that while inflation has spiked due to energy prices, economic activity is showing signs of slowing, which could temper the ECB's aggressive stance. Current market expectations suggest three rate hikes by year-end, reflecting a significant shift in trader positioning.