ECB hikes 50 bps and moves towards a more data-dependent approach

News that the biggest banks in the US said they’ll deposit USD 30 billion with First Republic Bank seemed to boost investor confidence yesterday and equity markets rebounded. All the major indices in the US and Europe ended the day in the green. Also yesterday, the ECB raised interest rates by 50 basis points - our Chief Economist, David Kohl, shares his thoughts on this and his expectations on the pace of rate hikes going forward. Finally, Tim Gagie, Head of FX and PM Solutions Geneva, provides an update on currencies. 00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing) 04:15 Comments on ECB decision by David Kohl (Chief Economist) 08:09 FX update by Tim Gagie (Head of FX & PM Solutions Geneva) 12:40 Closing remarks by Helen Freer (Investment Writing)