Analysts seem to be growing sceptical of the European Central Bank (ECB) and suggest the central bank has been giving mixed signals – whether the ECB is trying to raise investors’ expectations for interest rates or lower them, investors are not convinced. Global head of macro at Dutch bank ING Carsten Brzeski, added that the ECB “are simply not consistent in their communication and explaining their reaction function.”
Following her speech at 5:45 this morning, the ECB’s president, Christine Lagarde will speak again on Tuesday morning on inflation. Market participants will be listening closely.
