Business Maverick: ECB Calls Time on Era of Ultra-Low Rates With Big Hike Possible

Announcing a first rise in borrowing costs in more than a decade to confront record inflation, the ECB on Thursday outlined a slightly more aggressive path than economists. With fresh forecasts showing a faster course for euro-zone prices than earlier thought, it also said it will cease net asset purchases on July 1.

“It is good practice and it is actually often done by most central banks around the world to start with an incremental increase that is sizable, not excessive, and that indicates a path,” Lagarde told a news conference. “This generally reads as the ECB finally realizing they need to be in ‘catch-up’ mode with rate hikes, at least out the gate,” economists led by James Rossiter at TD Securities said in a report. “Once rates have reached positive territory, the pace of tightening can slow.”

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

MARKET WRAP: JSE surrenders Monday’s gainsAustralia’s surprisingly big rate hike catches investors by surprise with looming US jobs data and Fed meeting adding to the cautious mood
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

Asian, US stocks rise as central banks implement aggressive policiesRate hikes around the globe stoke fears of stagflation and stifled growth
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

Business Maverick: Merkel warns of isolating Russia after Putin’s ‘big mistake’At a private event organised by a labour union group, the former German chancellor condemned Russia’s “barbaric war of aggression” and spoke about a “profound break” in Europe’s post-war history.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »