The ECB’s “soul searching” over inflation has made investors less, not more, convinced that the Bank will buck the hawkish trend elsewhere and keep policy rates on hold. We think investors have got ahead of themselves, certainly for 2022, and while there is more uncertainty further ahead, we continue to expect interest rates on hold for the foreseeable future.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services