The European Central Bank (ECB) will announce its interest rate decision at 8:15 PM tonight, followed by a press conference by Christine Lagarde at 8:45 PM. A rate hike is virtually certain, but what the market really wants to hear is whether the ECB and Lagarde will endorse aggressive rate hikes. Whether the energy shock will transmit to core inflation is the key variable determining the subsequent path of rate hikes. Click to see more insights...