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.
Business & FinanceEconomy
ECB slows rate hike pace but signals more to come
04 May 2023, 6:31 pm 1 minute
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.
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Business & Finance
Win Types: Speed
Story Types: Exclusive / Scoop
Customer Impact: Important Regional Story