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More Than A Third Of Officials Favored 75bp Hike – Bloomberg Sources

ECB
  • Bloomberg reports ECB sources that more than a third of the ECB’s policymakers favored a 75bp hike today.
  • “Hawkish policymakers relented in their insistence on a bigger increase because they prioritized the messaging on future moves and a firm agreement to promptly start reducing the ECB’s balance sheet, the people said. “
  • EURUSD sees relatively little reaction on the headlines following a hawkish press conference that drove a surge higher to 1.0735 before largely retracing the move to its current 1.0645.

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