January 30, 2023 11:23 GMT
MNI PREVIEW - With 50bps Fully Priced, Focus Shifts To The March
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- The ECB is set to hike policy rates by 50bp at the February meeting – a position that has now been well telegraphed and fully priced by the market.
- There is unlikely to be any surprise policy innovation beyond some technical details on how QT will be implemented.
- Markets will look for any clues on the March policy rate decision and we believe it more likely than not that Lagarde will hint at a similar sized hike at that meeting.
Full preview including summary of sell-side views here: https://roar-assets-auto.rbl.ms/files/50935/ECB%20...