The ECB's Next Rate Hike

Andreas Meissner: I think it's the last hike of the cycle, in your view, 25 basis points. But do you think that forward guidance will stay the same? Do you think we'll get a hike with a promise of another hike or a sort of commitment to another hike? Or do you think this could be different? He says if a guard commits the hiking again in September, then clearly the reaction function has changed. We can expect the narrative to potentially change quite radically on Friday if things really surprise.