ECB sources comments:

  • ECBs Lagarde offered policymakersback to back 50 basis point hikes to secure majority after stiff opposition on Thursday.
  • this could mean three, 50 basis point hikes by ECB if inflation outlook fails to improve.

Earlier the sources comments showed that there were up to 1/3 that wanted to hike by 75 basis points hence ECBs hawkish stance.