ECB Sleijpen: ECB is between baseline and adverse scenarios

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ECBs Sleijpen is saying that the:

  • ECB will do all it can to tame inflation
  • The ECB is between baseline and adverse scenario

Earlier today, Schnabel said that the ECB should raise rates while Lane that that the ECB is not pre-committing to a particular path past June .

Current market expectations are leaning strongly toward a 25 basis point rate hike at that meeting. Markets are pricing roughly an 80%–90% probability of a hike, which would take the ECB deposit rate from 2.00% to 2.25%. The decision will be announced on June 11.

This article was written by Greg Michalowski at investinglive.com.

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