ECB Hawkish Forecasts Suggest Higher Terminal Rate – Nomura
The ECB raised its deposit rate by 25bp to 2.25% and signaled more hawkish forecasts, potentially leading to a higher terminal rate according to Nomura's European Economics team.
EURUSD
The European Central Bank delivered a 25 basis point rate hike, bringing the deposit rate to 2.25%. Nomura's European Economics team, led by Andrzej Szczepaniak, notes that the ECB unveiled more hawkish forecasts, indicating a potential for a higher terminal rate than previously anticipated. The move underscores the ECB's continued fight against inflation.
Source: FXStreet Forex News