ECB no longer rules out hikes and announces policy recalibration

There have been reports that some ECB members believe that interest rate rises cannot be ruled out this year. This would agree with Lagarde's statement that the situation has changed. In addition, the same sources indicate that there may be a recalibration of monetary policy following the new forecasts in March, which also agrees with reports from Lagarde, who indicated that the forecasts will be key in further assessing the situation and in making decisions. Recall that the market is currently pricing in a 0.4 percentage point hike by the end of this year. EURUSD after the emergence of this information is again attacking the area of 1.1400.

EURUSD exceeds again the level of 1.1400. Source: xStation 5