Back to Economic Data With All-Important European PMI

Markets The ECB delivered a 50 bps hawkish-to-the-bone rate hike yesterday. More than a third of ECB governors wanted a third 75 bps move, Bloomberg reported. To get the hawks on board, the ECB’s communication was very aggressive. Rates “will still have to rise significantly at a steady pace” the statement said. President Lagarde explained […]

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