Eurozone

The ECB raised the deposit facility rate by 25bp to 2.25%.

The risks to inflation are becoming more skewed. We therefore expect that the ECB will hike the deposit rate to 2.25%.

The risks to inflation are becoming more skewed. We therefore expect that the ECB will opt for a 25bp risk-management hike next week.

Oil markets are experiencing extreme volatility, reacting to every new – often conflicting – signal from the White House on the war’s outcome.

President Lagarde foreshadows a rate hike in June.

The Eurozone economy grew 0.1% q/q in Q1. The slowdown ahead of the Iran war reflects, in part, delayed effects of US import tariffs.