The downward revision of the ECB experts' projection will increase expectations of future aggressive interest rate increases. The ECB will probably consider the situation on the market [...]

The European Central Bank did not surprise investors. Hence, market volatility was limited. Interest rates were kept unchanged and Christine Lagarde during the press conference [...]

Nevertheless, the European Central Bank surprised with an increase in interest rates by 25 basis points. The market consensus indicated no changes. However, the market received a signal that yesterday's move was probably the last one and [...]

We agree with the consensus on the expected no change in monetary policy after the meeting of the Governing Council scheduled for today. The general financing conditions seem very loose. This opens the way to slow down [...]