Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

EUR Watch – The ECB Will Soon Reveal Their True Inflation Vs Growth Preferences

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul>
<li>The ECB hiked as we anticipated and the EUR weakened materially alongside a dovish re-pricing of EUR rates.</li>
<li>Smack dab at our forecast and positioning, but is the ECB outlook fair at this point?</li>
<li>We find the updated staff projections amusing to say the least and hence also struggle to understand current market pricing of the ECB relative to peers.</li>
</ul>


The ECB hiked as we anticipated and the EUR weakened materially alongside a dovish re-pricing of EUR rates.
Smack dab at our forecast and positioning, but is the ECB outlook fair at this point?
We find the updated staff projections amusing to say the least and hence also struggle to understand current market pricing of the ECB relative to peers.


EUR watch: Why the ECB outlook is 100% off in 4 charts