The ECB minutes have been published. The idiom that the monetary policy stance remains very accommodative remains, but the content is quite hawkish. Many members say that the current high levels of inflation and its sustainability have urgently called for further steps to normalize monetary policy. Furthermore, if the application ends in the summer, it is possible that the rate hike in July-September will be clear, and some committee members have requested a clear schedule at the end of the summer APP.
Inflation is also rising in the EU, so I thought there was some debate about monetary tightening, but the content was generally as expected. Taking this opportunity, it is assumed that it will be easier to buy back the EUR today.
