%ECB rates
ECBRATES
▲ PositiveMonetaryrelevance
ECB hikes rates 25bp to 2.50% and signals more, pushing the policy rate/yield higher.
The European Central Bank raised rates by a hawkish 25 basis points to 2.50%, a move President Lagarde called a "no brainer" while signaling further hikes ahead. According to Brown Brothers Harriman's Elias Haddad, EUR/USD is trading heavy around 1.1600 following the decision. The ECB expects inflation to remain above target for an extended period, which underpins its tightening path. BBH sees that hawkish stance as supportive of the currency pair.
ECB hikes rates 25bp to 2.50% and signals more, pushing the policy rate/yield higher.
ECB's hawkish hike and further tightening signal lift euro-area yields, including the 10Y Bund.
BBH's Haddad is quoted on EUR/USD trading heavy near 1.1600; firm itself not materially affected.