The head of monetary policy at the European Central Bank (ECB) and Governor of the Bank of Estonia, Madis Muller, said on Wednesday that the central bank “could outline future rate expectations as early as the June monetary policy meeting”.
Additional comments
The APP should end in early July or a few weeks earlier; the rate hike should not be far.
The current ECB policy is inappropriately flexible given the high inflation.
It is appropriate raise rates to positive territory by the end of the year; it is appropriate to move in increments of 25 basis points.
The rise in spreads is consistent with the ECB’s change in policy outlook.
There is no need to announce the details of the spread-fighting tool in advance; the tool must be adapted to the specific situation.
Source: Fx Street
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