Goldman Sachs pushes back timing of ECB rate hikes for this year by a little

The firm still expects the ECB to deliver on rate hikes but now see them starting from June The revised call comes as we are also starting to see ECB policymakers preach more patience rather than taking a more proactive step come later this month. Goldman Sachs had previously forecast the ECB to raise key interest rates in… The revised call comes as we are also starting to see ECB policymakers preach more patience rather than taking a more proactive step come later this month. The revised call comes as we are also starting to see ECB policymakers preach more patience rather than taking a more proactive step come later this month. Goldman Sachs had previously forecast the ECB to raise key interest rates in April and June but have now pushed back that timeline by just a little bit. The firm now expects the central bank to deliver on those rate hikes in June… 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.