Free Trial

Schnabel Sees 50bps Step On the Table For May

ECB

ECB publish transcript of media interview with ECB's Schnabel (link here)

Key comments:

  • Data dependence means that 50 basis points are not off the table.
  • I'm comfortable with the view that further rate hikes are needed. And beyond that, I'm not going to make any further predictions.
  • At this point in time, I have no reason to believe that a recession is coming.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.