European Central Bank (ECB) President Christine Lagarde adjusts her glasses as she delivers a speech during an event on the occasion of International Women’s Day, at the WTO headquarters in Geneva on March 8, 2023.
Fabrice Coffrini/Agence France-Presse/Getty Images
Market expectations for a half-point rate hike by the European Central Bank are changing on the eve of the decision.
Now, the implied rate hike for Thursday’s meeting is 35 basis points — basically meaning it’s a 50-50 decision as to whether the ECB will lift rates by a half point, which the central bank had all but promised heading into it.
Credit…
