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economic··severity 7

ЕЦБ рискует повторить ошибку 2011 года с повышением ставок, предупреждают экономисты

Решимость Европейского центрального банка поддержать свою репутацию подавляющего инфляцию рискует привести его к разрушительной ошибке на заседании на этой неделе, предупреждают экономисты.

Сценарии цепочки

A

Escalation

50%

## Scenario A (Escalation) — 50% **Chain:** ECB's hawkish stance on inflation leads to increased market volatility and a sharp sell-off in Eurozone bonds. This triggers concerns about a potential economic recession, leading to a further increase in bond yields and tightening of financial conditions. ## Scenario B (Status Quo) — 38% **Chain:** The ECB maintains its current stance of gradual interest rate increases, aiming for a balanced approach between controlling inflation and fostering economic growth. This results in a continued period of moderate market volatility with limited significant shifts in asset prices.

Индикаторы подтверждения: ** ECB officials publicly reaffirming commitment to fighting inflation with aggressive rate hikes, followed by a significant drop in the Euro against major currencies.
B

Status Quo

38%

## Scenario A (Escalation) — 50% **Chain:** ECB's hawkish stance on inflation leads to increased market volatility and a sharp sell-off in Eurozone bonds. This triggers concerns about a potential economic recession, leading to a further increase in bond yields and tightening of financial conditions. ## Scenario B (Status Quo) — 38% **Chain:** The ECB maintains its current stance of gradual interest rate increases, aiming for a balanced approach between controlling inflation and fostering economic growth. This results in a continued period of moderate market volatility with limited significant shifts in asset prices.

Индикаторы подтверждения: ** ECB officials publicly reaffirming commitment to fighting inflation with aggressive rate hikes, followed by a significant drop in the Euro against major currencies.
C

De-escalation

13%

## Scenario A (Escalation) — 50% **Chain:** ECB's hawkish stance on inflation leads to increased market volatility and a sharp sell-off in Eurozone bonds. This triggers concerns about a potential economic recession, leading to a further increase in bond yields and tightening of financial conditions. ## Scenario B (Status Quo) — 38% **Chain:** The ECB maintains its current stance of gradual interest rate increases, aiming for a balanced approach between controlling inflation and fostering economic growth. This results in a continued period of moderate market volatility with limited significant shifts in asset prices.

Индикаторы подтверждения: ** ECB officials publicly reaffirming commitment to fighting inflation with aggressive rate hikes, followed by a significant drop in the Euro against major currencies.

Первичный источник: Bloomberg Markets

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