BASE SCENARIO March 2023

Base Scenario  Reports

 

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BASE SCENARIO March 2023

After the failure of four banks in the course of a few days, the Federal Reserve advanced with an additional rise in the reference interest rate by 25 bps, below the 50 bps expected just a few weeks earlier. In this context, the market now expects the rate hike to have ended or, at most and with less probability, to increase another 25 bps. This implies a lower expected strength of the dollar in the coming months.