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BlogsECB's Kazaks says market bets on peak ECB rate maybe not far off the mark. Markets are currently honing in around two more 25bp hikes in June and July and then done. Thus it's noteworthy that Kazaks, one of the hawkish members at the ECB, is not giving much credence to a September hike at this stage
END OF DAY REPORT MAY 31st EQUITIES, FUTURES & OPTIONSECB Minutes: A number of members initially expressed a preference for increasing the key ECB interest rates by 50 basis points in view of the risks to the inflation outlook

Darren Krett

Thursday 1 June 2023

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ECB's Kazaks says market bets on peak ECB rate maybe not far off the mark. Markets are currently honing in around two more 25bp hikes in June and July and then done. Thus it's noteworthy that Kazaks, one of the hawkish members at the ECB, is not giving much credence to a September hike at this stage

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