ECB chief economist Peter Praet comments in a Reuters interview
- Rising growth risks have yet to impact hard data
- Interest rate curve now fully coherent with ECB's objective
- Comfortable with current curve
- Base case scenario for inflation is conditional on easy monetary, financial conditions
Well, that doesn't change anything but it reaffirms the notion that the market is right to fully price in a 10 bps rate hike by the ECB by October next year. Hence, if we see any deviation in that pricing, expect the euro to move as well.
