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ECB's Wunsch: Markets would have been concerned if ECB had not increased by 50 bps
ECB'S WUNSCH: MARKETS WOULD HAVE BEEN CONCERNED IF THE ECB HAD NOT INCREASED BY 50 BPS.
— Breaking Market News (@financialjuice) March 22, 2023
Added at 10:48am
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ECB’s Wunsch: Without 50 bps ECB Hike, Markets Would Have Worried
— *seven (@sevenloI) March 22, 2023
- Surprised at Resistance of Core Inflation in Last Year
- Let’s Take Time on Rates, Still Early Days
- Must Focus on Both Headline and Core Inflation
- Core Is More Sticky Than Headline Inflation
Added at 10:48am
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ECB’s Wunsch: Risk of Wage-Price Spiral Is Not High
— *seven (@sevenloI) March 22, 2023
- if Markets Stabilize, ECB May Have to Do More on Rates
- Base Case Is Economic Recovery, Just Not Very Dynamic
- Fed Pause Would Be One Element for ECB to Consider