Some ECB members will push for a 50 bps hike, but it is not the base case - Econostream citing sources

Joel Frank Independent Analyst

An ECB source reportedly told Econostream that some ECB policymakers, for example Austria's Robert Holzmann, will push for a 50 bps rate hike, though any such move is not a foregone conclusion. A 50 bps Deposit Facility Rate hike and a 25 bps hike in the Refinancing Rate would narrow the corridor in one move, the source said, before conceding that the ECB would first want to prime markets for any such move.

Earlier in the day, ECB President Christine Lagarde said that the ECB will maintain optionality in current conditions of high uncertainty.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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