ECB Preview: First Rate Hike Since 2023<!-- -->
• Markets anticipate that the European Central Bank (ECB) will implement a 25-basis-point interest rate hike, marking the first increase since 2023. • The ECB Council is expected to avoid providing explicit forward guidance on future rate paths, opting instead for a flexible approach. • This shift signifies a commitment to a "data-dependent" and "meeting-by-meeting" strategy to determine monetary policy.
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