- We are now in what I would call mildly restrictive territory
- But inflation is still much too high
- May have to hike rates again in June and July
- Not uncomfortable with current market pricing of terminal rate
Well, he is one of the more hawkish members so the remarks aren't at all surprising. Still, he doesn't give anything away on what to expect in May though. Here's a look at the current terminal rate pricing based on €STR:
