I posted this earlier:
The European Central Bank on Thursday:
- ECB raises key rates by 50 bps in December monetary policy decision, as expected
- ECB's Lagarde opening statement: A recession would be relatively shallow
- Lagarde Q&A: We should expect to hike at 50 bps pace for a period of time
- ECB sources: More than one-third of ECB officials wanted to hike by 75 bps
- ECBs Lagarde offered back to back 50 bp hikes to secure majority
Soc gen also with a higher forecast, the peak rate to 3.75%. SG's previous forecast was 3%.
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The ECB rate hike path so far:
