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VIEW CHANGE: Barclays pencil in 25bp for today's meeting

ECB

Barclays changed its ECB call yesterday evening noting that "current developments qualify as "extreme", in our view, justifying a reassessment of our ECB call."

  • Barclays now "assign a 20% probability to no hike, a 60% probability to a 25bp hike and a 20% probability to a 50bp hike."
  • Barclays had previously expected a 50bp hike today.

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