Analysts have so far wavered on the size of a rate hike in December between 0.5% and 0.75%
Christine Lagarde, the head of the ECB, left all possibilities open, both for the size of the next increase in interest rates, as well as the final level they will reach.
Speaking today at noon in the European Parliament, Mrs. Lagarde said that “How far we should go on interest rates and how quickly we should get there will depend on the revised forecasts that we will have in a few days for the course of the economy, but and how wages will react and inflationary expectations in general.”
Analysts have so far wavered on the size of a rate hike in December between 0.5% and 0.75%.
In the secondary bond market, specifically in HDAT, transactions of 32 million euros were recorded, of which 28 million euros related to purchase orders.
The yield on the 10-year bond rose to 4.24% from 4.13% on Friday versus 1.98% on the German counterpart, bringing the spread to 2.26% from 2.18% at the end of last week .
In the foreign exchange market, the euro is moving lower against the dollar, as the European currency traded in the early afternoon at $1.0429 from the level of $1.0487 that opened the market.
The indicative euro/dollar exchange rate announced by the European Central Bank stood at $1.0423.
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