The European Central Bank policy meeting is today
- statement due at 1315 GMT, 9.15am US Eastern time
- Lagarde's news conference follows a half hour later
Analysts tossed up three scenarios:
- pause, at 20% probaility
- +50bp, also at 20% probability
- +25bp, a 60% probaility
Given financial market stability concerns but also the ECB's continued effort to subdue inflation analysts have settled on a +25bp rate hike.
European Central Bank President Lagarde
