Institution: ECB rate decision may focus more on growth risks rather than inflation concerns

```htmlGolden Ten Data reported on April 28 that Gabriele Foa, global credit portfolio manager at asset management firm Algebris Investments, stated in a report that European Central Bank policymakers may focus more on growth risks rather than inflation concerns during their policy decisions on Thursday. He noted that data across Europe continues to be weak, contrasting with the more resilient growth momentum in the United States and the United Kingdom. Despite the growth risks, the market has priced in more than two rate hikes by the end of 2026—according to London Stock Exchange Group data, the market expects 66 basis points. Foa said: "Growth forecasts are being revised downwards, though not significantly compared to the scale of potential downside risks." He pointed out that the market is unlikely to tolerate further fiscal slippage without demanding higher compensation at the long end of the yield curve.```