The ECB is always talking a big game about ‘not guiding’ but they always tee it up before the meeting, either via public comments or leaks. The market is pricing in 28 bps of hikes by year end with a 60% chance of a hike in September. There will be plenty of data between then and now.
Vujcic:
- Eurozone growth has proved more resilient in the face of shocks
- I think the market understands the ECB well
This article was written by Adam Button at investinglive.com.
