ECB policymaker says rates will rise 'very soon'

ECB policymaker says rates will rise 'very soon'

From leaderpost.com

The European Central Bank (ECB) will likely decide at its next meeting to end its stimulus program in July, and raise interest rates “very soon” after that, ECB policymaker Pablo Hernández de Cos said on Saturday. The Spanish central bank governor was joining a chorus of ECB policymakers calling for the first rate hike in more than a decade to curb the highest inflation levels since the euro was created and prevent rising prices from becoming entrenched. The ECB has been lagging global peers in raising borrowing costs and is even still pumping cash into the financial system via its Asset Purchase Programme ... (full story)

This is interesting. For Fx Traders suggests that Euro may finding a bottom now or soon and DXY bay be heading for pullback.

Why all of a sudden ECB and other central banks following FED?

- Older Stories
Russian operator to suspend electricity supply to Finland
From bbc.com|May 14, 2022|23 comments
Russian energy supplier RAO Nordic says it will suspend deliveries of electricity to Finland from Saturday, citing problems with payments. The company said it had not been paid ...
My Bear Market Survival Guide
From awealthofcommonsense.com|May 14, 2022
Many people assume successful investing comes from picking winners. The way you win is by producing alpha and outsmarting the market. There is an infinitesimal percentage of the ...
China Credit Creation Craters, Sparking Speculation Of A Growth, Stock Bounce
From zerohedge.com|May 14, 2022
While we wait for China's economic data dump due Monday, when industrial production and retail sales are expected to crater to deep negative territory as a result of the ongoing ...

- Newer Stories
Week Ahead Economic Preview: US, China retail sales and production data, plus UK inflation and jobs
From cdn.ihsmarkit.com|May 14, 2022
The week ahead finds a busy economic calendar alongside a series of Fed appearances which remain in focus given uncertainties over the pace of monetary policy tightening. Both US ...
Oil Services Firm ProFrac Gains Little in Debut After IPO Misses
From bnnbloomberg.ca|May 14, 2022
Shares of oil services firm ProFrac Holding Corp. gained only 11 cents in their trading debut after its $288 million initial public offering showed the continuing weakness of the ...
Emirates Airline, stung by soaring fuel prices, posts $1.1 billion dollar loss
From cnbc.com|May 14, 2022
Dubai’s Emirates Airline narrowed its losses to $1.1 billion in the year to March, even as soaring jet fuel costs threaten to overshadow a recovery in travel demand. The world’s ...