Pantheon still expects an ECB 50bp rate hike this week but not a foregone conclusion

<p>A research note from Pantheon Macro on what to expect from the European Central Bank later this week. </p><p>The European Central Bank meeting is Thursday 16 March 2023. I added in the US Eastern time in the pic above, hope it makes sense!</p><p>The main points made by Pantheon in their preview note:</p><ul class="text-align-left"><li>We still expect a 50bp rate hike this week from the ECB, but it is no longer a foregone conclusion.</li><li>The ECB will lower its headline inflation forecasts, but will lift its core inflation outlook.</li><li>Still-ample excess liquidity in the EZ is good news as bank equities are rocked by SVB’s demise.</li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.

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