Next week the ECB will deliver their interest rate decision which is not expected to reveal a surprise rate hike but more importantly, market participants will be hanging on every word from ECB President Christine Lagarde regarding the end of APP (ECB’s version of QE) and the subsequent rate hike timeline.
The minutes from the March meeting were largely received as hawkish, much like the meeting itself but members of the governing council still differ in their views on inflation with some advocating for immediate normalization measures while others seemingly comfortable with inflation’s medium-term outlook.
