Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
16 Mar 2023

ECB: Looking at two more 25bps hikes – Rabobank

On Thursday, the European Central Bank raised its key interest rates by 50bps as expected. Analysts at Rabobank see two more rate hikes of 25 bps ahead. 

More ground to cover

“Despite the market turmoil, the ECB stuck to the 50bp hike it had flagged beforehand, as inflation is still seen as too high. This reinforces the ECB’s commitment to getting inflation back to target, although we believe that markets are nonetheless underestimating the terminal rate in the wake of the meeting. To the extent that this is driven by financial stability concerns, the ECB made clear that Eurozone banks are resilient. If intervention is nonetheless necessary, it will be done in such a way that it doesn’t conflict with the price stability mandate.”

“Significant uncertainty forced the ECB to fully abandon forward guidance.”

“We maintain our call for two more hikes of 25bp. Persistent unrest in financial markets is the main downside risk, but if this fades, inflation persistence could still require higher rates.”

“President Lagarde made it clear that the inflation fight is not over. Nonetheless, markets are currently only reluctantly pricing higher policy rates again. This muted response was perhaps the best the ECB could hope for at this time. When calm returns to the markets, the Council can gradually fine-tune policy expectations. We maintain our call for two more 25bp hikes.”
 

Mar 16, 2023

USD/MXN falls on risk-on impulse and a soft US Dollar ahead of next week’s FOMC

USD/MXN hovers nearby the $19.00 figure on Thursday, with risk aversion taking center stage, amidst a turbulent week, in the global banking system. In
Read more Previous
Mar 16, 2023

EUR/USD bulls and bears in a brawl between key support and resistance

EUR/USD is higher on the day but hardly making headway after the European Central Bank raised interest rates as planned despite market turmoil and the
Read more Next