ECB: Much more than one downside surprise in the inflation data required to stop the hiking cycle – Nordea ECB Inflation InterestRate Banks
Inflation risks are what the ECB continues to worry about most
Our view continues to be one of two further 25 bps rate hikes from the ECB, in June and July, with risks tilted towards the hikes continuing also after the summer. We think it will require much more than one downside surprise in the inflation data to make the ECB stop its hiking cycle.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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