Morgan Stanley: markets misjudged ECB’s ‘hawkish’ meeting

Euro’s exchange rate could soon see a correction as markets reprice their ECB expectations

draghi-ecb2
Mario Draghi: “The risks of deflation have largely disappeared”

CLICK HERE TO DOWNLOAD THE PDF

Investors have misread the tone of the European Central Bank’s meeting in March and overestimated its hawkishness, meaning the single currency could soon see a correction as expectations are repriced, according to two strategists at Morgan Stanley, which topped FX Week’s one-month currency forecast tables last week.

While the ECB left its benchmark rate unchanged at zero during its March 9 meeting, central bank president Mario Draghi sounded an optimistic tone

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: