ECB’s Hawkish Plans Set to Face Bolder Opposition on SVB Fallout
- Doves may argue the failure has altered economic environment
- Traders now see <50% chance of half-point hike this week
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The European Central Bank’s plans for more big interest-rate hikes are set to meet stronger opposition this week after the collapse of Silicon Valley Bank, according to officials with knowledge of the matter.
Dovish policymakers are likely to argue that the economic environment has shifted and that more caution is warranted, the people said, declining to be identified because such discussions are confidential.