ECB slows rate hike pace but signals more to come - Reuters News Agency
Business & FinanceEconomy

ECB slows rate hike pace but signals more to come

Reuters swiftly reported on the European Central Bank’s rate hike strategy, as detailed by ECB President Christine Lagarde at a press conference. Reuters analyzes the likelihood of further tightening in the fight against inflation.   

Market Impact

Interest rate-sensitive two-year German bond yields and the euro fell on Thursday and money markets slightly trimmed their bets on the ECB’s peak rate, which they now see at 3.65%. Markets which had bet on rates peaking at 3.75% by September pared back their expectations. Investors now see the terminal rate at around 3.65%, indicating that one more hike is fully priced in but that opinion is split on a second move.

Article Tags
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Win Types: Speed
Story Types: Exclusive / Scoop
Customer Impact: Important Regional Story
European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting, in Frankfurt, Germany May 4, 2023. REUTERS/Kai Pfaffenbach
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