Daybreak Europe Show Open: ECB Hawks Rise

The video discusses potential changes in ECB policy rates, with Mr. Winstanley suggesting rates could turn positive this year. The Belgian Central Bank Governor, Pierre Onch, supports a rate hike by year-end. Despite potential challenges like Russian gas cutoffs, the ECB remains on a hawkish path. Recent comments from ECB members have influenced the euro's performance, with predictions of ending net asset purchases and possible rate hikes in the coming quarters. The euro-dollar exchange rate is also affected by these developments and the Fed's narrative.

What is Mr. Winstanley's stance on policy rates for this year?

• They could turn positive.

• They should be abolished.

• They should be reduced further.

• They should remain negative.

According to 11 Child, what would not necessarily change the policy easing track?

• A rise in inflation.

• A cut-off of Russian gas.

• A decrease in unemployment.

• An increase in GDP.

What was the euro's performance in response to the hawkish narrative?

• It crashed.

• It rallied at one point.

• It remained stable.

• It depreciated significantly.

What did Nagel suggest about net asset purchases?

• They should be reduced gradually.

• They should continue indefinitely.

• They could end in the second quarter.

• They should be increased.

What is the impact of the Fed's narrative on the euro-dollar trade?

• It caused a significant drop.

• It led to a small incremental spike.

• It had no impact.

• It caused a major rally.