ECB’s Wunsch: May policy decision is between 25 bps and 50 bps rate hikes
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The European Central Bank (ECB) policymaker Pierre Wunsch said on Friday, “the policy decision in May is between 25- and 50-basis-point rate hikes,” although “size depends in large part on April core inflation.”
“ECB could fully stop asset purchase programme (APP) reinvestments this year.”
“Market pricing of terminal rate reasonable; but no quick rate cuts likely thereafter. “
EUR/USD has entered a phase of consolidation near yearly highs, trading at around 1.1070, as of writing. The pair is up 0.22% on the day.
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