Rabobank: Euro Money Markets Price More Than Four Additional ECB Rate Hikes
MacroDigital Finance
Euro money markets are now discounting more than four additional European Central Bank rate hikes beyond the two already delivered, according to Rabobank Senior Macro Strategist Bas van Geffen. The pricing reflects investors pushing their expectations ahead of policymakers, testing the ECB's reaction function. Van Geffen's note frames the shift as a market challenge to how the central bank will respond to tightening financial conditions.
