Will the ECB get to 4.00%?
The Sept 14 meeting is the highlight of next week’s economic calendar and all week we’ve been getting a pushback from the hawks. It started with Knot on Monday and followed up by Kazimir on Wednesday.
MNI reports that hawks will push hard for a 25 bps hike this month and that’s helped to give the euro a further boost.
Pricing for a cut hasn’t changed much today, with it rising to 38% from 36% earlier.
Justin wrote on the ECB dilemma earlier and that’s worth a read.