- ECB's Visco: Rate hike bigger than 25 bps could be appropriate in September if medium-term inflation expectations don't improve.
- Interest rates to increase by 25 bps in July.
- Inflation to spike this year and go back to 2% in 2024.
- Pace of further gradual but lasting tightening will hinge on data and how they affect inflation prospects.
- 10-yr btp/bund spread peak of 250 bps hit in early June is not consistent with Italy's economic fundamentals.
- Financing conditions must not become too costly.
- There are no signs at present of a dangerous wage-price spiral.
Not much that hasn't already been alluded to - multiple times - Not sure* I buy into the idea of the ECB getting more aggressive on hikes. Especially with the German economy seemingly on the brink
*I don't buy into the idea, at all.
