ECB to hike 75 bps as inflation has not yet peaked, first response to be a stronger EUR – Nordea EURUSD ECB Inflation Eurozone Banks
to hike by 75 bps next week – even if new staff projections for growth are approaching the downside scenario – lifting the euro.“Inflation remained almost unchanged at high levels in Aug, but will rise in the coming months as gas prices pass through.”“ECB’s staff projections nearing downside risk scenario, but no recession likely in forecast.”
“Given that a 75 bps rate hike is not fully in prices in financial markets and that the tone of the press conference is likely to be hawkish, we expect the first response in financial markets to be a higherInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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