Analysis-Investors stick to bets on early end to ECB hikes as uncertainty grows

Published by
Reuters UK

By Yoruk Bahceli and Naomi Rovnick AMSTERDAM (Reuters) – Investors held tight to bets that banking jitters would rein in the ECB’s ability to jack up borrowing costs in the months ahead, as the central bank delivered a large rate hike on Thursday but wouldn’t signal future moves given an uncertain outlook. The European Central Bank stuck to a 50 basis-point hike, as promised at its previous meeting. Traders had cast doubt on that move given market turmoil sparked by the collapse of U.S. lender Silicon Valley Bank last week, followed by a rout in Credit Suisse shares spreading banking jitters t…

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