ECB Hawkish Signal: Probability of Rate Hike After Summer Rises
Summary ECB Governing Council member Schnabel said further rate hikes may occur after summer to ensure inflation returns to 2% target. High energy costs, increasing core inflation stickiness, and geopolitical risks are key variables, dampening market rate-cut expectations.
ECB Governing Council member Schnabel said further rate hikes may occur after summer to ensure inflation returns to 2% target. High energy costs, increasing core inflation stickiness, and geopolitical risks are key variables, dampening market rate-cut expectations.
