More irrational exuberance?
NAB Morning Call
00:00
The ECB's Expectation of a 25-Based Point Hike
The market is still pricing a 25-based point hike by the ECB at this week's meeting. But I think what you're seeing is the soft PMI reports are now adding to, you know, as you said, the uncertain backdrop for the Eurozone. And I think there's sort of that shift happening in that, yes, we'll get another hikes by the ECB. But what does that mean going forward? Does the ECB start to become very data dependent?
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