Weekly Focus – ECB Preparing for a Lift-Off in July

Euro area inflation once again exceeded expectations in May, sparking further speculation of faster ECB rate hikes. With core inflation rising to 3.8% y/y and seasonally adjusted m/m rate still around 0.5%, we now expect core inflation to peak only after the summer. Consequently, we have lifted our expectations for ECB rate hikes ahead of […]

The post Weekly Focus – ECB Preparing for a Lift-Off in July appeared first on Action Forex.