ECB hawk says will need to consider April rate hike if inflation outlook sours further
News brief
ECB policymaker, Joachim Nagel, spoke to Bloomberg ECB policymaker, Joachim Nagel, spoke to Bloomberg ECB policymaker, Joachim Nagel, spoke to Bloomberg ECB policymaker, Joachim Nagel, spoke to Bloomberg ECB policymaker, Joachim Nagel, spoke to Bloomberg ECB policymaker, Joachim Nagel, spoke to Bloomberg ECB policymaker, Joachim Nagel, spoke to Bloomberg ECB policymaker, Joachim Nagel, spoke to Bloomberg ECB policymaker…
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.
ECB policymaker, Joachim Nagel, spoke to Bloomberg Nagel said that the central bank will have to consider a rate hike as early as next month, that is if price pressures continue to ramp up further amid the Middle East conflict. Adding that:"As things currently stand, it is conceivable that the medium-term inflation outlook could deteriorate and inflation expectations… Nagel said that the central bank will have to consider a rate hike as early as next month, that is if price pressures continue to ramp up further amid the Middle East conflict. ECB hawk says will need to consider April rate hike if inflation outlook sours further · FundoraPro News
Nagel said that the central bank will have to consider a rate hike as early as next month, that is if price pressures continue to ramp up further amid the Middle East conflict. Adding that: 'As things currently stand, it is conceivable that the medium-term inflation outlook could deteriorate and inflation expectations could rise on a sustained basis, meaning that a more restrictive monetary policy stance would probably be necessary.'… 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. ECB hawk says will need to consider April rate hike if inflation outlook sours further · FundoraPro News
