📝ECB Not Seen Falling Behind The Curve: Natixis

Our forecast is that in June they will announce the end of net asset purchases, and then we get the first-rate hike in July, 25 basis points, further rate hikes are likely to follow. Financing conditions have tightened massively over the past three to four months and as a result the ECB is not a lot behind the curve because the market has been doing its work already, to some extent. - Natixis Europe Macro Research