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ECB Terminal Pricing Just Off Session Extremes Ahead Of Meeting

STIR

The impulses derived from the dot plot that accompanied yesterday’s FOMC decision sees ECB-dated OIS price in a circa 50% chance of a peak deposit rate of 4.00%, As has been noted in recent weeks, markets have been reluctant to price in such a degree of tightening, leaning more into the 2 x25bp hike idea. Over to you, President Lagarde.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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