Is the ECB Going to Hike by 25 Basis Points?

The Nordges Bank said at the last meeting that they were likely to hike at this meeting. We think actually because we've had some strong data coming in, there will be further hikes in the cycle market pricing. The S&B has gained a lot of attention in the press recently because they are at the epicenter of what's going on with Credit Suisse. And it's possible that maybe there's downside risks to a 50 basis point hike.