ECB's Sleijpen Says Market's Rate Hike Expectations Are 'Reasonable'
Olaf Sleijpen, a member of the European Central Bank's Governing Council, believes that investors' bets on rate hikes this year are reasonable. "From the perspective of market expectations, I would not say their forecasts are entirely wrong," he said on Thursday. "I consider it a reasonable expectation." Current market pricing fully reflects expectations for two 0.25 percentage point increases in deposit rates, with the first hike expected in June. Regarding the April policy meeting, Sleijpen stated that the ECB has a few more weeks to assess the situation in the Middle East.
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