The firm says that it expects the relatively quick return to or slightly above zero to be fairly consensual among ECB policymakers. Adding that such a view would be “largely independent from incoming economic data”.That’s quite bold but given the recent hawkish remarks among ECB policymakers, it is plausible. I’m still leaning slightly on the skeptical camp that the ECB can get rates to zero or above that but we’ll see.
ECB to hike rates by 25 bps in July, another 25 bps in September – Citi
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