After Trichet’s very hawkish comments yesterday, the market has priced in 41% odds of a 50 bp hike at the ECB meeting next week. A total of 127 bp of tightening is priced into the market over the next 12 months.
After Trichet’s very hawkish comments yesterday, the market has priced in 41% odds of a 50 bp hike at the ECB meeting next week. A total of 127 bp of tightening is priced into the market over the next 12 months.