ECB Hawkish Bias to Persist with One More Rate Hike, ING Says
ING analysts argue that the ECB's hawkish stance will continue with at least one additional rate hike, citing reduced sensitivity to oil prices and ongoing uncertainty.
EURUSD
ING economists Michiel Tukker and Benjamin Schroeder suggest the European Central Bank is likely to maintain its hawkish bias and deliver one more interest rate hike. They note that reduced sensitivity of interest rates to oil prices and lingering uncertainty should prevent a strong dovish shift from the ECB. The comments come as markets assess the pace of ECB tightening amid slowing growth and inflation pressures.
Source: FXStreet Forex News