Markets

Markets ‘vulnerable to hawkish surprises’ as Fed, ECB meet

ECB president Christine Lagarde and US Federal Reserve Chair Jerome Powell meeting at an ECB meeting in Portugal, June 2022. Photo: ECB.

The European Central Bank on Thursday is poised to increase interest rates again. Economists and fixed income specialists expect a hike of 50 basis points - following two consecutive 75 point hikes - with markets watching for official signals that point towards further rate hikes next year.

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