European Central Bank president Christine Lagarde is set to announce a further interest rate hike on Thursday.Tensions are likely to build between euro zone governments and the European Central Bank in the weeks ahead. Figures published on Monday showed a surprise fall in German gross domestic product in the final quarter of last year which is likely to signal stagnation, or a small fall, in output for the bloc as a whole.
Germany, with its traditional caution on inflation, may not criticise the ECB. But Italy’s new government has already done so and there have been rumblings too from France, where President Emmanuel Macron warned last year that the ECB risked “shattering demand” by moving too quickly. Politicians may live with this week’s increase, which would take the ECB deposit rate to 2.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More interest rate hikes in prospect? Almost certainlyThe Governing Council of the European Central Bank meets this week to consider its next move on interest rates. Having hiked rates aggressively since the summer, could it now take a breather as inflation shows signs of abating? It's not likely with another half point increase expected on Thursday. 'Insanity is doing the same thing over and over and expecting different results.' Albert Einstein Will almost inevitably put people out of their homes. Will the government step in with AIBIreland and make it stop? Massive profits last year. More transfer of wealth and forcing people out of their homes. You will own nothing and be happy, the great reset continues from the plandemic.
Source: rtenews - 🏆 1. / 99 Read more »