ECB's Sleijpen: Energy prices likely to become more-entrenched in economy than 2022

Comments from the Dutch central bank President:ECB very vigilant on possible second round effectsECB likely to have more info on second-round effects in April, but data will be limitedMore than any other central bank, the ECB has made a hawkish pivot in the wake of the energy price spike. That's awfully reminiscent of 2007 and Trichet's missteps.The market……………………………………………… Comments from the Dutch central bank President: . ECB very vigilant on possible second round effects ECB likely to have more info on second-round effects in April, but data will be limited More tha... Comments from the Dutch central bank President: ECB very vigilant on possible second round effects ECB likely to have more info on second-round effects in April, but data will be limited More than any other central bank, the ECB has made a hawkish pivot in the wake of the energy price spike. That's awfully reminiscent of 2007 and Trichet's missteps. The market is now priced at 60% for an April… 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.