ICYMI - ECB's Nagel says bank must stay vigilant but too early to call rate hikes
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Nagel's insistence on keeping every option open, rather than signalling either an imminent hike or a pause, is likely to keep euro rate markets guarded ahead of the next meeting, with pricing probably continuing to hinge on incoming wage and services inflation data rather than fo
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The desk believes that the ECB is poised to raise interest rates unless significant improvements in the economic outlook occur. Per the full note from investinglive.com, ECB board member Nagel reiterated that a rate hike is likely in June, contingent on geopolitical developments and oil price stabilization. Current market pricing reflects a 72% probability of this hike, underscoring the urgency of the situation. With the potential for the geopolitical landscape to shift, traders should remain vigilant as these developments unfold.