Lagarde bazooka
  • Price pressures remain strong
  • Underlying inflationary pressures remain high
  • Wages pressures have strengthened further
  • Decisions will continue to be based on incoming data
  • Our rate hikes are being transmitted forcefully to financing conditions
  • Full effects of our monetary policy measures are starting to materialize
  • Effects of our policy can be expected to strengthen in coming years

There's an 88% chance of a hike priced in for the June 15 meeting and I don't see any reason to fade that.