End of unconventional monetary policy is now a done deal. It doesn’t mean rates will go as high as investors think.
European Central Bank President Christine Lagarde said Thursday that the bank intends to raise interest rates at its next policy meeting in July and again in September to help tackle persistent inflation. Photo: ANP/Zuma PressThe sight of the European Central Bank committing itself to raising interest rates twice in the next three months is a rare one. Even after scoring a first victory, though, hawks shouldn’t get too ahead of themselves.Thursday it intends to raise interest rates by 0.
jonsindreu Remember the PIIGS ? looks like they are back, bigger than ever. What a disaster the next couple years will be in Europe. Ouch.
jonsindreu ECB has 0% credibility on Fighting Inflation Markets will ignore any jawboning and take action . CNBC FoxBusiness Bloomberg EuropeanUnion inflation
jonsindreu Will that reduce inflation,I think it's a difficult one given that all euro zones economies are vulnerable
jonsindreu Well if you look at the history we are on the path of a financial reset. History is repeating itself. a coincidence the invention of cryptocurrency and cbdc creation No...