On April 4, hawkish member of the European Central Bank‘s Governing Council and Austrian central bank president Robert Holzmann said that although the banking crisis triggered by the collapse of Silicon Valley Bank may produce a shock equivalent to raising interest rates by curbing credit effect, but he believes that if the banking turmoil does not worsen, then the European Central Bank can raise interest rates by 50 basis points at the May interest rate meeting.
Analyst’s opinion: The risk of bank events is gradually released, and international optimism has picked up. Under the pressure of the upcoming social problem of inflation, the European Central Bank may continue to raise interest rates to alleviate the problem of inflation. International capital investment is expected to weaken. At the same time, domestic The futures market fell sharply due to the cooperation of multiple departments, which affected the operating sentiment of the spot market and was negative for the trend of steel prices.
