ECB Executive Board member Isabel Schnabel said that a half-point hike is "not off the table" on May 4. Tuesday morning will first see the release of the ECB's quarterly survey of bank lending, offering a first glimpse into how the recent financial-sector turmoil has impacted credit growth. "The euro area was resilient through winter, but not so resilient as to raise alarm among members of the Governing Council. With inflation and bank-lending data landing before the ECB meeting, there's still a narrow path to a 50 basis-point hike,” said Jamie Rush, Bloomberg’s chief European economist. "If we get an upside surprise in inflation plus a benign bank lending survey, then they might go for 50," he said.

Source: Irish Independent May 01, 2023 19:29 UTC