A rate hike by the ECB in July, or possibly even in June, looks increasingly likely. But policymakers seem to be in no hurry to announce a new tool to keep sovereign bond spreads contained. Meanwhile, the first official data for March, published this week, were weak and we think that worse is to come.
Markets Drop-In (11th May, 10:00 EDT/15:00 BST): We’re discussing our Q2 Outlook reports and what they say about the potential performance of bonds, equities and FX rates as inflation peaks in a special 20-minute briefing on Wednesday. Register now.
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