Minutes of the ECB's April meeting confirm hawkish bias

Minutes of the ECB's April meeting confirm hawkish bias

Rates Spark: Bracing for a hawkish ECB

The European Central Bank (ECB) is poised for a 25 basis point rate hike today, supported by a hawkish narrative that suggests limited potential for additional aggressive moves. Per the full note from ing-think, expectations are tempered as the market already prices in three hikes, which may represent an overextension of hawkish sentiment, given that inflation pressures have not yet shown second-round effects. The recent ECB commentary implies that while a hawkish tone will be maintained, any surprises beyond today's hike are off the table unless inflation data signals otherwise.

Rates Spark: Bracing for a hawkish ECB

FX Daily: Euro already prices a hawkish ECB