Three scenarios for how the ECB could normalise monetary policy and its implications for EUR/USD – ING ECB EURUSD Banks
“The ECB ends net asset purchases in the second quarter of 2022 and starts hiking interest rates by 25bp in September with another 25bp in December. We expect only two additional rate hikes, bringing the refi rate to 1.0% by the end of 2023, with no further hikes in 2024. Given the fact that the market virtually prices three 25bp hikes from the ECB this year – we look for EUR/USD to trace out a 1.05-1.10 range, ending the year at 1.10.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/USD: French TV debate to keep the euro subdued – INGEUR/USD continues to consolidate at lower levels. Wednesday’s focus will be tonight's TV debate between Macron and Le Pen. The pair is unlikely to sta
Les mer »
EUR/USD to end the year at 1.17 – Deutsche BankFurther Federal Reserve repricing is becoming incrementally less beneficial to the dollar, and the European Central Bank (ECB) has exceeded Deutsche B
Les mer »
Japanese Yen Could Weaken to 135 Per Dollar in the ‘Very Near Future,' Says Wells FargoThe Japanese yen has struggled for gains against the dollar amid expectations the Bank of Japan will lag global peers in normalizing monetary policy.
Les mer »
EUR/USD moves above 1.0800 amid USD pullback, ahead of EU Industrial dataThe EUR/USD pair has witnessed a decent upside move after exploding from the previous consolidation zone, which placed in a narrow range of 1.0780-1.0
Les mer »
EUR/USD Price Analysis: Next target appears at 1.1000EUR/USD’s upside momentum picks up extra pace beyond the 1.0900 yardstick on Thursday. Further advance appears in store for the pair in the very near
Les mer »
EUR/USD juggles in a 1.0780-1.0800, focus shifts on Fed’s Powell and ECB’s Lagarde speechThe EUR/USD pair is trading directionless in a narrow range of 1.0780-1.0798 as the US dollar index (DXY) steadies after attacking the round level res
Les mer »