For the fact that inflation is still rearing it ughly head interest rate implementation is still on the table.
Major central banks are on the brink of peak rates — but the inflation battle might not be over
The central banks of some of the world’s biggest economies are now widely considered to have reached, or be at the brink of reaching, the highest level they will take interest rates. The European Central Bank last week signaled that its Governing Council feels rates may have got there. Following a long deliberation over its updated forecasts for inflation and economic growth and what they should mean for monetary policy, the ECB hiked its key rate to a record high of 4%. While its accompanying statement by no means ruled out further hikes completely, it said rates were at levels that if “maintained for a ... (full story)
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tweet: ECB'S GUINDOS: PARTS OF UNDERLYING INFLATION ARE MODERATING. tweet: ECB'S GUINDOS: THERE IS UNCERTAINTY OVER HIKES' EFFECT ON ACTIVITY.
tweet: - ECB's Kazimir: May Need Peak Rates For `Winter, Spring, Summer' - Premature To Place Bets On First Rate Cuts tweet: ECB'S KAZIMIR: HOPEFULLY INTEREST-RATE HIKES ARE FINISHED. tweet: ECB'S KAZIMIR: ONLY THE MARCH FORECAST CAN CONFIRM THAT WE ARE HEADING UNEQUIVOCALLY TOWARDS OUR INFLATION GOAL. tweet: ECB'S KAZIMIR: I WISH THAT THE SEPTEMBER RATE HIKE WAS THE LAST BUT WE CAN'T RULE OUT FURTHER RATE INCREASES. tweet: ECB'S KAZIMIR: ONCE IT'S CLEAR THAT NO MORE HIKES ARE NEEDED, THE DEBATE SHOULD START ON SPEEDING UP QT.
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