ECB sources report: Policymakers wary of April rate hike
News brief
A deliberate float to tamp down April pricing Reuters is out with an ECB sources report that says they're wary of hiking in April as there is no evidence yet of second-round effects.Yesterday, the market had been pricing in a 39% chance of a hike and this looks designed to drive that down. The way the ECB does…
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
A deliberate float to tamp down April pricing Reuters is out with an ECB sources report that says they're wary of hiking in April as there is no evidence yet of second-round effects.Yesterday, the market had been pricing in a 39% chance of a hike and this looks designed to drive that down. The way the ECB does… Reuters is out with an ECB sources report that says they're wary of hiking in April as there is no evidence yet of second-round effects. Reuters is out with an ECB sources report that says they're wary of hiking in April as there is no evidence yet of second-round effects. Yesterday, the market had been pricing in a 39% chance of a hike and this looks designed to drive that down. The way the ECB does business is bizarre as Lagarde was speaking yesterday and could have done this herself but didn't offer any kind… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
