ECB Minutes From March Meeting Confirm Hawkish Pivot

ING Economic and Financial Analysis5.33K FollowersFollow5ShareSavePlay(7min)CommentsSummaryA hawkish pivot but no need to overreact.This is the main takeaway from the just-released European Central Bank minutes.Market expectations about aggressive ECB tightening still look overdone. Rafmaster/iStock via Getty Images By Carsten Brzeski, Global Head of Macro At the last meeting, one month ago, the ECB was already sounding more alarmed about the inflationary risks stemming from the war in the Middle East and made a clearThis article was written byING Economic and Financial Analysis5.33K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.