ECB Towards Hike Despite Weaker Economy

SEB highlights a likely June rate hike from the ECB despite weakening European consumer confidence, alongside market updates covering the RBNZ's split decision and Swedish transport subsidies.

Key Takeaways

• 1.The ECB is signaling a June interest rate hike due to inflation spillover effects from energy prices, despite weakening economic growth.
• 2.RBNZ kept interest rates at 2.25% but the committee was split 50/50, requiring a casting vote from the governor.
• 3.The Swedish government proposed halving public transport prices from July to December to mitigate inflation effects.

Table of Contents

• Global key stories
• Downbeat French consumers
• The ECB should raise interest rates in June, even in the event of a peace deal
• New issue of Ögat
• Nordic key stories
• Today's key events
• Market data

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