He’s been talking mostly about the French economy but touched on the ECB policy too now. Goes without saying that this is no news for the market as no rate cut is expected.
The market has been actually starting to look for signs that the ECB could hike rates in 2026 or 2027. Right now, there’s a 33% probability of a 25 bps rate hike by the end of 2026.
This article was written by Giuseppe Dellamotta at investinglive.com.