ECB Interest Rate Prep

March 22nd 2023

Traders fully price in a 3.5% peak ECB rate for first time in a week.

April 24th 2023

ECB's Schnabel: An ECB rate hike of 50 basis points next week is not ruled out

April 28th 2023

"The biggest challenge for the ECB will be deciding between a 25 bps and 50 bps rate hike, as well as on appropriate communication going forward,” said Veronika Roharova, head of Euro-area economics at Credit Suisse.

“The euro-area economy is proving much more resilient than many had expected,” said Andrzej Szczepaniak, an economist at Nomura who predicts two more half-point rate hikes in May and June, and a peak of 4.25% in July.
“Now’s not the time to step back.”

“It could very well happen that in a few months - and with hindsight - the May and June decisions will be labeled a ‘policy mistake,”’ said Carsten Brzeski, global head of macro at ING. He predicts rates will peak that month at 3.5%.

May 2nd 2023

ECB's Holzmann advocates for a 50 bps rate hike.

ING sticks to its call of a 25bps rate hike on Thursday.