EUR rates

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.

President Lagarde foreshadows a rate hike in June.

As the conflict between the United States and Iran approaches its two-month mark, financial markets are still grappling with the implications.

SSA issuers have raised ~€208bn year‑to‑date, over 34% of the upper bound of our projected ~€610bn gross issuance forecast.