Central Banks
ECB to Gather Amid Growing Dissonance Over Rate Trajectory
- Half-point hike all but certain Thursday; focus on path ahead
- Collapse of US bank SVB adds another element of uncertainty
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When the European Central Bank sets interest rates on Thursday, attention will be on the increasingly acrimonious path that lies ahead.
Despite its insistence on decisions being taken “meeting by meeting,” investors have grown accustomed to getting a preview of where borrowing costs are likely to head in the ensuing weeks and even months.