1Q26_ Quarterly Outlook Report_Final_EN - Flipbook - Page 72
T H E P LUMB LI N E | A RETU RN TO F I RS T PRI N CI PL ES
notwithstanding firm wages growth and better economic outcomes. However, recent upward
revisions by the ECB to its inflation forecasts as well as comments by hawkish members of the
Governing Board have seeded concerns in markets surrounding the possibility of a hike.
ECB speakers turn neutral, feeding small hike bets in markets
Bloomberg Economics ECBspeak index
>0 = hawkish,
