BNP Paribas Analysis: Weak Eurozone Economy Makes ECB Rate Hike Expectations Seem Excessive

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汇通财经2026/05/25 08:06

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Analysts stated in a report that recent data shows the eurozone economy is fragile, and market expectations for ECB rate hikes appear overdone.
The analysts said: “Compared to the potential deterioration in the eurozone growth outlook, current ECB pricing remains too aggressive.”
The preliminary value of the eurozone’s May Purchasing Managers’ Index released last week was unexpectedly weak, as high oil prices dented confidence among consumers and businesses.
Data shows that the eurozone money market currently prices in an 80% probability of an ECB 25-basis-point rate hike in June, and has fully priced in two hikes by the end of the year.

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BNP Paribas Analysis: Weak Eurozone Economy Makes ECB Rate Hike Expectations Seem Excessive

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