Markets watch ECB framing for likely Thursday rate hike
A quarter-point ECB rate hike on Thursday is considered virtually certain, but Aberdeen Investments’ Felix Feather says market focus is on whether the ECB frames it as part of a prolonged tightening cycle.
A quarter-point rate hike by the European Central Bank on Thursday is considered virtually certain, Aberdeen Investments' Felix Feather said in a note. Feather said the key question for markets is whether the central bank presents the move as the next step in a prolonged tightening cycle or keeps all monetary options open.