The official decision of the European Central Bank (ECB) for a “turn” in monetary policy is expected on Thursday. Already during the last meeting of the Governing Council, in June, the head of the Bank, Christine Lagarde, had announced, for July, the first increase in the key interest rate after 11 years. If what has […]
Tag: Interest Rates
Housing battle ahead of rate hike – June data
By Leonidas Stergiou June is the best month in 2022 and the last 12 months, with the exception of December 2021, for mortgage disbursements, after signs of fatigue in previous months. As banking executives explain, the jump in disbursements in June is mainly due to two systemic banks, which promoted more attractive mortgage products in […]
Bloomberg: Economists estimate that the ECB on Thursday will limit the first increase in interest rates
Central banks from the euro zone to Japan are set to reveal whether they can resist the global push for aggressive monetary tightening led by the US Federal Reserve, according to Bloomberg. Almost all economists expect the European Central Bank on Thursday to limit its first rate hike in more than a decade to just […]
Switzerland plans to raise interest rates by at least 0.5% in September
Switzerland’s central bank plans to raise interest rates by 50 or even 75 basis points at its next monetary policy meeting in September, a Swiss newspaper said, citing people familiar with the matter. As Reuters points out, Switzerland’s central bank last year raised interest rates for the first time in 15 years, with President Thomas […]
The ECB’s first crash test with the markets: The first interest rate hike is coming
By Tasos Dasopoulos In an environment of increased uncertainty, not so much for high inflation, which is a global phenomenon, but mainly for the energy sufficiency of the Eurozone, the ECB is expected to proceed within the week, with the first increase in the interest rates of the euro. South’s bond spread protection tool rumored […]
What the Fed should do to rein in inflation
By Bill Dudley Developments in the US economy are moving in line with the Federal Reserve’s forecasts, with price pressures peaking despite economic growth and strong wage growth. But make no mistake: getting inflation back to the Fed’s 2% target remains extremely difficult, both practically and politically. Economic data – including the June jobs report, […]
Waller (Fed): 100 points if data shows demand remains ‘really strong’
US Federal Reserve Board member Christopher Waller left open the possibility of a “mammoth” increase in Fed interest rates by 100 basis points at the end of the month, although he himself currently believes that a 75 basis point increase is appropriate. In particular, he said according to Reuters, the worse-than-estimated reading of inflation for […]
Goldman Sachs: An aggressive interest rate hike is on the ECB’s table – The details of the new tool and what the conditionality will be
Her Eleftherias Kourtalis Goldman Sachs expects the ECB’s Governing Council to raise interest rates by 25 basis points next week and provide additional details on the new anti-fragmentation tool. Although the sharp depreciation of the euro, recent actions by other central banks internationally and the possibility of further increases in inflation expectations suggest that a […]
Goldman Sachs: An aggressive interest rate hike is on the ECB’s table – The details of the new tool
Her Eleftherias Kourtalis Goldman Sachs expects the ECB’s Governing Council to raise interest rates by 25 basis points next week and provide additional details on the new anti-fragmentation tool. Although the sharp depreciation of the euro, recent actions by other central banks internationally and the possibility of further increases in inflation expectations suggest that a […]
Giant 100 basis point interest rate hike by the Bank of Canada
The Bank of Canada raised interest rates by a full percentage point (100 basis points) in a surprise move to avoid consolidating inflation at a four-decade high. In particular, the central bank of Canada announced an increase in its key interest rate to 2.5%, informing about more increases in the future. The move of 100 […]
