ECB Insider: I would support another 50 BP hike, unless…
There is a report from Econostream Media that an ECB insider is speaking. Specifically, the anonymous source says:
- I support another 50bp hike in May unless the economy or core HICP softens
- NO doubt we are still in tightening mode
- in no rush to decide our next move, can wait until the time comes
- Not much of a 50bp hike as real interest rates are clearly negative
- Terminal rate of 4.5% only if inflation turns out to be unexpectedly persistent
You can read the full report HERE:
cnbctv18-forexlive-benzinga
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