ECB's Wunsch tells Econostream that the case for further tightening is receding and any surprise in EZ inflation before the July meeting is more likely to be on the downside,
France is reportedly to hold its first round of Presidential elections on April 18, 2027; run-off is expected around May 2nd, 2027
[MARKET UPDATE] Brent and WTI continue to pullback, no fresh driver into Doha; move potentially from the positive skew to current expectations as the US and Iran are expected to hold indirect talks and after Trump’s openness to extending deadlines
ECB's Wunsch tells Econostream that the case for further tightening is receding and any surprise in EZ inflation before the July meeting is more likely to be on the downside,
SARB Governor Kganyago says inflation expectations have risen a little bit, Bloomberg TV; stresses data dependent approach
ECB's Nagel pushes back on a "insurance hike" narrative, Bloomberg TV; inflation will stay high in 2026 and remain above target in 2027
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- Would need stronger second-round effects to justify further tightening.
- One hike could suffice if shock fades before significant second-round effects.
- More than one hike to depend on more persistence and stronger second-round effects.
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