Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising

In conclusion, the ECB was balanced enough to please the markets

In conclusion, the ECB was balanced enough to please the markets | FXMAG.COM
Aa
Share
facebook
twitter
linkedin

Table of contents

  1. after what happened over the past few days, the ECB will be more careful going forward.

    We're after the ECB interest rate decision, which turned out to be a 50bp rate hike. Let's hear from Nour Hammoury, Chief Market Analyst at SquaredFinancial, who comments on the ECB move. 

    in conclusion the ecb was balanced enough to please the markets grafika numer 1in conclusion the ecb was balanced enough to please the markets grafika numer 1

    Nour Hammoury (SquaredFinancial): Despite Credit Suisse's situation and the banking incidents in the US, the ECB had no other options but to stick to its policy and hike by 50bps as inflation is still at a record high. However, it was a dovish hike as the bank did not mention anything regarding the next meeting. In the previous decision, the bank mentioned that in the next two meetings, large rate hikes could be appropriate, but after what happened over the past few days, the ECB will be more careful going forward. Moreover, the decision was not unanimous as there were 3 to 4 members who voted against the decision.


    after what happened over the past few days, the ECB will be more careful going forward.


    Read next: USA: PPI data is another confirmation that inflation remains on the right track| FXMAG.COM

    Nour Hammoury (SquaredFinancial): In conclusion, the ECB was balanced enough to please the markets. The question now is if this is the end of the banking issues, or if we will hear about more banks in the coming days.


    Nour Hammoury

    Nour Hammoury

    Nour is an investor, independent market strategist and financial advisor. He has more than 15 years of experience focused on forex, stocks and global economic developments, as well as central bank policies and intermarket analysis. He appears regularly on major international TV networks, such as BBC, Al-Jazeera, Al Hurra, CNBC, and Bloomberg, holding open discussions and sharing insights and readings of the markets and trends.

    Follow the author on:

    LinkedIn | Twitter


    Advertising
    Advertising