• The past week has seen the ECB raise interest rates for the first time since July 2011....
• In terms of its forward guidance, the ECB is no longer providing any, other than that rates will continue to rise....
• There has been a lot of volatility in terms of market rate expectations recently in reaction to central bank newsflow and key data releases...
• This week, it is the turn of the US Fed to come udner the monetary policy spotlight....
• There is also a busy data docket in the US this week...

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