ECB policymakers starting to consider a slower pace of interest-rate hikes

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ECB policymakers are starting to consider a slower pace of interest-rate hikes after a likely 50 basis-point step in February, sources say as reported by Bloomberg.

“The rapid energy-driven decline in headline inflation is giving the ECB a bit of breathing space, but policymakers will remain focused on persistent underlying pressures for now. If, as we expect, the core reading starts to ease from the end of the first quarter, this could be enough for the ECB to slow the pace of hikes to 25 basis points in March, possibly extending the cycle into the second quarter,” Bloomberg reported.

More to come..

Meanwhile, the euro is under pressure on Tuesday, falling from a high of 1.0869 to a fresh low of 1.0786. More to come….

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