The euro is rising after ECB sources cited by Reuters stated:
- June hike “very seemingly” and policymakers have been in broad settlement
- Some already advocated for a hike (Lagarde hinted at this)
- A number of Governors assume a minimum of two hikes will probably be wanted until the warfare ends and Brent rapidly drops
- Governors mentioned the required quantity of tightening
The headline stated the policymakers “see the primary of a number of hikes in June” and that they are prone to hike “a minimum of twice” until there’s a favorable decision to the Iran warfare and oil costs drop.
This text was written by Adam Button at investinglive.com.
