ECB Hikes 25 bps to 2.50%, Signals More as Euro Trades Near 1.1600

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โดย Brown Brothers Harriman·EU·Read original
Summary · why it matters

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.

Impact on stocks 2

Others · 2 stocks
ECB rates
ECBRATES
▲ PositiveMonetaryrelevance

ECB hikes rates 25bp to 2.50% and signals more, pushing the policy rate/yield higher.

Off-coverage companies 1

Brown Brothers Harriman & Co.Private± Mixed
relevance

BBH's Haddad is quoted on EUR/USD trading heavy near 1.1600; firm itself not materially affected.