Elga Bartsch
Elga Bartsch
data economic numbers ongoing point robust survey
As long as the data point to an ongoing economic recovery, they should feel comfortable about normalizing rates. If anything, the survey numbers are more robust than before.
ears hike move next order pave press rate shall signal
In order to pave the way for another refinancing rate hike in March, the ECB would need to signal that another move was on its way in one of the next two press conferences. We, therefore, shall be all ears Thursday.
argue bump recent suggest weakness
You could argue that he downplayed the weakness in the recent data. But the forward-looking indicators suggest that this was just a bump in the road.
consider data might pace shaping situation slightly speeding today
The way the data are shaping up, they might consider slightly speeding up the pace of tightening. The situation today is different than in December.
affect case central change inflation likely next oil outlook price rate round
Over all, the change in the oil price has to affect the inflation outlook and the case for rate increases. The next round of projections are likely to be uncomfortable for any central banker.
clear hike rate sure words
With those few, clear words, the May rate hike is off the table, and I'm not even sure about June. I think it was very disappointing.