ECB’s Šimkus: March rate hike may not be the last 0.50% move | Forexlive

  • Rate cut this year is not very likely
  • Headline inflation has probably peaked but core inflation has not

Evidently, they are not happy with the market doubting their conviction beyond the March meeting. That said, all of this could have been easily avoided if Lagarde was firmer in her communique yesterday but I guess there are second thoughts playing in the minds of some policymakers perhaps.

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