ECB to Frame Rate Hike as Dovish Move, Natixis IM Analyst Says on June 9

According to Natixis IM analyst Mabrouk Chetouane on June 9, while markets have fully priced in the European Central Bank's interest rate increase this week, ECB President Christine Lagarde is expected to frame the monetary tightening as a "dovish hike" during her press conference. Chetouane, global market strategy head at Natixis IM, noted that the lack of clear signals showing energy price increases spilling over to the real economy, combined with weak eurozone economic momentum, supports a more moderate inflation response approach.
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