, has signalled that two similar increases at its next two meetings are likely. Interest rates are suddenly moving sharply off the floor – but a key thing to note is the uncertainty about how far and how fast this process will go.
The sharp rise in inflation, driven by the bounce back from Covid, supply chain problems and now the war in Ukraine, has ushered in a period of significant uncertainty. Some say US interest rates will top out at 3 per cent next year – but a minority feel they may need to go much higher to drive down inflation. In turns, this will be a key pointer to interest rates worldwide. A lot hangs on which forecast is right.
IrishTimes No. Years of study and experience versus some random opinion piece? No, dear God no.
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ECB may need to hike rates in July, Schnabel saysThe European Central Bank may need to raise interest rates as soon as July to stop high inflation from getting entrenched, ECB board member Isabel Schnabel told German newspaper Handelsblatt today.
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