Market outlooks

‘Central banks very wary of sending dovish signals’

entral banks have become very wary of sending dovish signals

Thursday’s 50 basis point rate hike by the European Central Bank came as no surprise. The ECB’s deposit rate now stands at 2.5 percent. The ECB reiterated that it intends to deliver a similar rate hike at its next meeting in March.

The ECB’s hike came one day after a 25 point increase announced by the Federal Reserve, and coincided with a 50 point raise by the Bank of England.

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