JPMorgan: The European Central Bank did not resist the sharp shift in market expectations
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Golden Ten Data, March 19 - JPMorgan Private Bank Global Investment Strategist: The risks faced by Europe in this energy crisis are more severe, and the European Central Bank is well aware of this. This backdrop has forced a significant shift in today's stance. Inflation forecasts have been raised, economic growth forecasts have been lowered, suggesting that the sharp changes in market expectations will continue. The European Central Bank has not committed to raising interest rates, nor has it resisted the dramatic shift in market expectations, and has not ruled out the possibility of a rate hike.
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