The European Central Bank says it'll 'stay the course' on rate hikes. But it's not clear for how long
Publishing timestamp: 2023-01-26 02:51:24
Summary
ECB Executive Board Member Fabio Panetta reportedly said central bank should not pre-commit to any specific rate moves beyond its March meeting. Markets have priced in 50 basis points hike for next two policy meetings, but there are questions about whether ECB will have to ease its hawkish stance after that. Analysts expect ECB to hike rates by 50 basis points in February and March, and then 25 basis point increases in May and June. The language used by ECB will be hawkish and stress the need to go further and to 'stay course' without being explicit about amounts and dates for rate hikes.
Sentiment: NEUTRAL
Keywords: european central bank, europe news, stoxx 600, christine lagarde, eur/usd, business news, politics,