FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 37 institutional desks. No promotion.
See how the European Central Bank outlook moves the EUR bank consensus across 37 desks
View European Central Bank outlookFrom the original
https://think.ing.com/snaps/ecb-minutes-apr26-meeting/
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.