ECB remains determined to proceed with 50 bps rate hikes in the coming meetings – Nordea
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ECB’s Governing Council (GC) is determined to deliver considerable further rate hikes, economists at Nordea report.
“We think the ECB continues to be determined to deliver further several 50 bps rate hikes.”
“Market pricing of rate cuts looks quite aggressive compared to the ECB’s current thinking.”
“Risks tilted towards the ECB proceeding faster in reducing its bond holdings.”
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