The ECB delivered a 25bps hike to combat core inflation risks spurred by geopolitical volatility. The bank remains data-dependent, opting for pragmatism over aggressive forward guidance.
Key Takeaways
- 1.The ECB implemented a 25bps rate hike in response to realized core inflation risks following the Iran geopolitical shock.
- 2.The central bank remains cautious, signaling it is not committing to aggressive back-to-back rate hikes despite market pricing.
Table of Contents
- ECB: The First "Recalibration" Hike Is In
- Disclaimer
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Authors
Davide Oneglia
Themes
Inflation RisksGeopolitical Impact
Regions
EuropeGermanyIranUnited States