ECB remains determined to proceed with 50 bps rate hikes in the coming meetings – Nordea

ECB’s Governing Council (GC) is determined to deliver considerable further rate hikes, economists at Nordea report.

Firmly on a road of further 50 bps rate hikes

“We think the ECB continues to be determined to deliver further several 50 bps rate hikes.”

“Market pricing of rate cuts looks quite aggressive compared to the ECB’s current thinking.”

“Risks tilted towards the ECB proceeding faster in reducing its bond holdings.”

See: Euro to come under pressure if inflation not ease back to target lower rate levels by summer – Commerzbank