December’s ECB Cheat Sheet: A Reality Check For Ultra-Dovish Expectations

Christine Lagarde Press Conference Following ECB Governing Council Meeting

Andreas Rentz

By Francesco Pesole, FX Strategist; Benjamin Schroeder, Senior Rates Strategist


Heading into the European Central Bank’s December meeting, there is growing evidence that the Governing Council is split about the messaging being presented to markets. The generally arch-hawk

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