Poll of analysts paints a mixed picture of what's to come from the European Central Bank

Reuters polling found 57 of 57 analysts polled expect a 50bp rate hike from the ECb at the March 16 meeting.

After that the results are moree mixed though. While the consensus expect another +25bp in Q2 to a terminal deposit rate of 3.25% and a refinancing rate of 3.75%.

• 26 of 56 expected a hike of 25bp
• 19 have projected +50
• 9 tip no rate hike
• 2 tip +75bp

More here at the link, with some analyst commentary also.

----

Lagarde spoke on Wednesday:

• ECB Lagarde: Although long term inflation expectations are near 2%,they warrant monitoring