ECB's Kazāks says September decision will be based on data, adds there are pros and cons to hiking further
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ECB policymaker Mārtiņš Kazāks said inflation expectations remain anchored close to the ECB's target, a sign that households, businesses, and financial markets continue to have confidence in the central bank's commitment to price stability. He also highlighted that wage growth is
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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.
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