ECB Likely to Continue Hiking Despite Softening Oil – Nordea
Jan von Gerich of Nordea notes the ECB delivered a widely expected 25bp rate hike and expects further tightening, with the next move likely in July. Broader inflation pressures mean lower energy costs alone won't ease policy.
EURUSD
According to Nordea analyst Jan von Gerich, the European Central Bank has raised rates by 25 basis points as expected and is likely to continue its tightening cycle. The next increase is anticipated in July.
Von Gerich argues that inflation is becoming more broad-based, which means even the recent softening in oil prices will not be enough to halt the ECB's rate-hike path. The central bank remains focused on combating persistent price pressures.
Source: FXStreet Forex News