April 6, 2026 - April 9, 2026, the 'No change' option surged from 73.15c to 85.45c, while 'Increase' plummeted from 27.2c to 13.45c. This indicates a significant easing of concerns regarding an April rate hike, further solidifying the expectation of a hold, likely influenced by recent mild economic data or central bank official comments.
March 31, 2026 - April 1, 2026, the 'Increase' option plummeted from 36.6c to 20.3c, while 'No change' surged from 63.4c to 79.35c. This was likely due to recently released economic data or official statements alleviating the market's rate hike concerns, bringing the consensus back to a hold.
March 27, 2026 - March 31, 2026, the 'No change' option fluctuated upwards from 55.2c to 63.4c, while 'Increase' trended downwards from 44.6c to 36.6c, indicating a cooling of market expectations for an April rate hike.
March 24, 2026 - March 26, 2026, the 'Increase' option fluctuated from 38.9c to 40.4c, while 'No change' moved from 60.75c to 59.5c, indicating ongoing market debate between a hike and a hold, though recent moves haven't been extreme.
March 19, 2026 - March 20, 2026, the 'Increase' option surged from 9.5c to 27.1c, while 'No change' plummeted from 89.9c to 71.5c. This indicates a sudden repricing of hike risk, likely driven by an unexpected inflation print or extremely hawkish rhetoric from ECB officials, shattering the previous consensus of a pause in April.
March 1, 2026 - March 7, 2026, the 'No change' option stabilized in the 89c-90c range, completing a correction from previous undervaluation (77c), reflecting a solidified consensus at that time that no policy changes would occur in April.